would the price be market value or less?
2007-06-18 16:36:04 · 4 answers · asked by pinkie 2 in Business & Finance ➔ Renting & Real Estate
An appraiser attempts to make an educated estimate of the Fair Market Value of a home. His or her job is to determine the price that a willing buyer would pay a willing seller on the date of the appraisal. All factors are considered in arriving at the estimate of the value such as size, features, condition, appearance, neighborhood, and the recent sales prices of similar properties in the area.
2007-06-18 16:48:24 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
They appraise your house by looking at (and the most important) Recent sales in the area, what improvements you've done to the property, square footage, type of property, land, property type, and anything that would effect value. They almost always try to make your house worth as much as possible, especially when the appraisal is ordered by a Loan Officer.
2007-06-19 00:20:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
everything. the appraisal will be lower than the sales price
2007-06-18 23:39:55 · answer #3 · answered by Jimmie 4 · 0⤊ 1⤋
Upgrades just like on a car don't mean much except to the person who installed it.
2007-06-18 23:38:58 · answer #4 · answered by Anonymous · 0⤊ 1⤋