🏠 Demystifying Real Estate Appraisals: Your Complete Guide 💡

Welcome back! Today we're breaking down what actually happens during a real estate appraisal process 🎙️

What's an Appraisal Anyway? 🤔 It's an unbiased professional evaluation of your property's fair market value, conducted by a certified appraiser, usually for mortgage lenders before finalizing your home purchase or refinance.

Inside the Inspection 🔎 Picture this: an appraiser arrives at your property and spends roughly 60 minutes doing a thorough walkthrough. They're documenting everything! 📸 Taking photos of each room, measuring your square footage with precision, noting bedroom and bathroom counts, and assessing your property's overall condition. They inspect critical systems—foundation, roof, HVAC, plumbing, electrical, and appliances—looking for defects or safety concerns.

The Comparison Game 📊 After your inspection, the appraiser dives into research mode. They analyze homes sold in your area within the past six months that match your property's profile. Using MLS databases, tax records, and public land information, they compare key features and make value adjustments based on differences.

Value Factors 💎 Multiple elements influence your appraisal: neighborhood desirability, school district ratings, property size, lot dimensions, age and condition of major systems, renovations, special amenities, transportation access, HOA fees, and market trends.

The Deliverable 📋 The final appraisal report is comprehensive—street maps, exterior sketches, interior/exterior photographs, comparable property images, and detailed supporting data. Expect this document within a few weeks!

📞 Questions? Call us at (480) 573-7263 🌐 Full article: https://eaglehomeappraisalgilbert.com/what-is-involved-in-a-real-estate-appraisal/