The actual (seattle waterfront lodging) value of the house would depe….
March 9th, 2010
The actual value of the house would depend on the cost of the house, the market trends, the quality of the construction, size, and location and so on.
Real estate appraisals come in two different methods for appraising homes.
Normally, if you are buying a home or refinancing, you can let the lender know if you prefer a particular appraiser or company.
An appraisal is not the same as a competitive market analysis that many real estate brokers perform, sometimes referred to as “comps”.
Everyone’s biggest concern is the risk of a low appraisal.
Lenders don’t wish to be stuck with home that is not valued at what you expect to pay for it, thus the appraisal should be completed before the financial institution will authorize the loan.
