Can You Challenge a Low Home Appraisal? Home appraisals are unbiased opinions of a home’s fair market value or worth. Prospective homebuyers and homeowners wishing to refinance an existing mortgage will need a home appraisal to finalize their transactions with a mortgage company. Sometimes a transaction is disrupted by a low appraisal, resulting in a
6 Significant Things About Commercial Real Estate Appraisals Business owners often need a commercial real estate appraisal for a variety of reasons, such as real estate sales and purchases, financing, property insurance, investment and marketing & listing purposes. But what is a commercial real estate appraisal? Also known as a property valuation, a commercial real
What Do Home Appraisers Look For In A House? A home appraiser is a professional tasked with estimating the market value of a house for a variety of purposes including real estate transactions, mortgage financing, estate, tax purposes, marketing listing purposes, and litigation. This task is especially important to mortgage lenders for the management of
Refinance Appraisal Vs. Purchase Appraisal A professional estimate of your home’s value can show the lender that you won’t be borrowing more money than the property is worth. Many homeowners are not aware that they will likely need a new appraisal before they can refinance their mortgage. Let’s go over some differences between a refinance
Things to Know About a Home Appraisal An appraiser may play one of the most important roles in the sale or purchase of a property. While a home inspector will look for issues in a home that a buyer should be aware of, an appraiser determines the dollar value of the home by looking at
What to expect during an on-site Appraisal visit from Adlaw Appraisals
What is the difference between a Full Appraisal and a Drive-By Appraisal? April 24, 2020 We are often asked the difference between a drive-by appraisal and a full appraisal (with no interior inspection, using photos and data from the homeowner and/or realtor). Especially during this time when interior inspections cannot be conducted due to COVID-19,
Can I have a copy of the appraisal report, please? 17-Feb-2016 Written by: Adam Lawrenson, AACI We are often asked if we can send a copy of an appraisal report to a specific individual. It seems like a reasonable request, especially if the individual has paid for the appraisal; however, it is not as simple as one would
Hello, Can I please have a Letter of Transmittal? In the fast-paced mortgage financing industry often an appraisal is rushed and once the value, condition, marketability and remaining economic life are confirmed, the appraisal may be shopped with different lenders. In some cases, the report will be sent to lender A and soon after, a
