Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.
To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.
Do These Real Estate Tips Really Apply to YOU?
We've learned these tips through experience. But we know that YOUR situation might be different. That's why we're here.
It's our job to personally advise homebuyers and sellers. Ask us if any tip that we've included here really applies to your situation.
Do any of these tips raise questions for you? Didn't find what you're looking for? Let us know! We are happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.
|See More Real Estate Trivia >
Independence Real Estate Services
Central and South Florida Branches
Central Florida Contact: 407-389-3710
South Florida Contact: 954-630-7000
General Inquiry: info@NDpendence.com
At Independence Real Estate our Agents are equipped to offer you a unique combination: the clout of a Statewide Company plus the individual attention of a local style boutique. Their seasoned expertise along with powerful resources provides you with the highest degree of service and satisfaction. We Wont stop until the job is done!
is brought to you by Independence Real Estate Services, real estate for
Fort Lauderdale, Pompano, Miramar, Coral Springs, Orlando, Lake Mary, Winter Springs and Kissimmee, Florida
Read Independence Real Estate Services'
Terms of Service,
Free & Without Obligation Pledge
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.