Thanks :)
Serious answers only please.
2007-09-04 17:10:54 · 4 answers · asked by shannon 2 in Business & Finance ➔ Personal Finance
a complete and honest appraisal -- what were you expecting!!!
2007-09-08 11:57:37 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Depends on the type of appraisal. If they are doing a full 1004, you can expect that they will measure it inside and out so that they can make a sketch of the property and get an idea of its square footage and that they will take lots of picture. Most of the other information comes from the tax assessor.
If they are just doing a drive by there are lots of different types and they may or may not need to measure the outside (unlikely) and definitely won't come inside.
One thing to not worry too much about is cleaning --- a lot of people get really weirded out by an appraiser coming in and clean like mad but the appraiser doesn't care, trust me. He is more looking for comparable houses in the neighborhood and what condition yours is in --- though curb appeal still affects what value an appraiser puts on a property, I think.
My dad is an appraiser and I worked for him for many years.
2007-09-04 17:17:04 · answer #2 · answered by KL 6 · 1⤊ 0⤋
That really depends a lot on the location of your property. They will look around to determine the value of properties in your immediate area to base the appraisal. If its a nice house in a great area, your appraisal will be higher, a great house in a not as good area, probably not so high, poor house in a bad area, then a low appraisal....Im sure you get the point. Its always about location, location, location with this stuff.
They will see how many rooms, bathrooms, garage, how many floors, basement, etc. also in determining a value. Room size also factors in.
If you want a higher appraisal, make sure your property is well maintained
2007-09-04 17:21:11 · answer #3 · answered by northernillinoisboy 2 · 0⤊ 0⤋
The appraiser will measure your house and look around at the general condition, count the bathrooms and bedrooms. He will then leave without giving you any information. He will then find similar homes in your neighborhood and see what they sell for, using a factor for general condition if yours is much better or worse than average or hasn't been updated recently.
It isn't an inspection but if he happened to notice termite damage or something it might give you a lower appraisal price.
2007-09-04 17:16:04 · answer #4 · answered by shipwreck 7 · 0⤊ 0⤋