The basics on home appraisals:
A property appraisal is a document that provides an estimate of a property's market value. The appraisal is supported by the collection and analysis of data. Lenders require appraisals on properties prior to loan approval to ensure that the mortgage loan amount is not more than the value of the property.
Your home appraisal will be conducted by a real estate appraiser. This person is an impartial, independent third party who will be tasked with providing an objective report on the estimate of value of a property.
A real estate appraiser values real property (land, houses, buildings, etc.), not personal property (cars, jewelry, furniture). The appraiser determines the physical characteristics of the property to be appraised and estimates value based upon three common approaches to value:
- Sales Comparison Market Approach
- Cost Approach
- Income Capitalization Approach
The physical review of a typical property usually takes about twenty to forty-five minutes. Sometimes an appraisal can take longer if the house is difficult to measure or has some unique features that require additional investigation by the appraiser.
After the initial review of the property the appraiser spends time examining or analyzing the neighborhood or area. The purpose of this is to search for other properties that are similar to the property being appraised that have sold recently and examine neighborhood influences. When the fieldwork is finished, the appraiser completes the report at his or her office.
USE WHAT THE PROS USE AND KNOW WHAT THE PROS KNOW:
- Price Trends: Sold VS Listed
- Targeted Market Analysis
- Market Inventory Trends: Sold, New, Standard & Distressed Listings
- Property Ownership Percentages: Owner Occupied, Rented, or Vacant
- Median Days On The Market
- Number Of Active Listings
- Median Sale Price/List Price
- Median Square Footage Price
- Foreclosures, Bank-Owned
- Median Household Income
- Community Info: Demographic Stats, Crime, Shopping, Weather, Education
- School Info: student-teacher ratio
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ABOUT THE REAL ESTATE MARKET:
Real estate market conditions change like the wind. Be informed about the current status of Alaska's Real Estate Market HERE or by clicking the picture below:
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We
are a husband and wife team who have been married to each other for
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Managing,
directing, instructing, teaching, and assisting, are all individual
actions that sum up a lot of mini tasks/jobs that produce and accomplish
becoming successful in the line of work we are in.
Why we are worthy of hire: We’re honest, energetic, fun, outgoing, serious, motivated, disciplined, and have extensive customer service experience. Aside of this, we know how to get the job done and are honored with the opportunity to serve. We really put our heart into what we do and it shows. Play the short video above to learn a little more about us.
Try us and you’ll love us!
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Keller Williams Realty Alaska Group Of Wasilla
1981 E Palmer-Wasilla Hwy, #202, Wasilla, AK 99654
COPYRIGHT 2014 MALCUIT DUO, LLC
18550, 18340
18550, 18340
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