Importance of the Appraisal

Over the past 5 years many areas in the country have seen sharp declines in home values. Thankfully, that trend is starting to reverse. For this reason, most lenders are placing a lot of scrutiny on an appraisal for people considering a refinance. The appraisal is designed to ensure that the value assigned to the home matches the local market.

Basic Definition

The definition of an appraisal is that it represents the market price of a home. This is the estimated price which a seller and buyer would agree upon in a arm’s length sale. Arm’s length means the buyer and seller are not related to one another and undertaking the transaction on their own free will.

Each Home is Unique

Although two homes may sit beside each other in the same neighborhood, they could be vastly different. One may have a basement while the other is built on a concrete slab. One home may have a swimming pool and the other home may not have a yard big enough for a large car. An appraiser will look at the subject home and take down lots of notes about the size and features of similar homes in the area. The important key is that the subject home is compared to similar homes that have recently sold, usually in the last 6 months. This indicates what the market will bear for that kind of home in that same area.

Total Report

Once the appraisal is complete, the appraiser will compile a report and submit it to the lender. This report will have notes about the home’s location, general comments about the area and the detailed info about the home. Items like original build date, square footage and location of the home on a map will be listed. In addition, the other homes used in the appraisal, known as comparable sales, will be listed in detail on the map and in the final report.

For additional information, visit our refinance page on our main site or view our current mortgage rates. To see if you qualify, contact me below or apply online!

by Aiman Abozeid 

If you are currently in the market for a home, you will find my website an excellent resource. The site is continually updated with new and valuable information to aid in your decision making process. www.lisabear.com or waukeshacountylakehomes.com

The search feature allows you to filter thousands of listings based on attributes that you select. You can simply search for houses in a certain area and price range, or you can look for houses that fit your specific style. If you know you want a brick house with gas heat and a garage, you can get the results you’re looking for. Most real estate websites don’t offer that degree of choice.

By signing up with the Property Research Center, which is free, you have access to features that will help you find and organize the listings that best fit your needs:

• Saved Searches allow you to preserve your searches for reference at a later time. You can easily maintain lists of properties that match your criteria without having to re-enter any information, and there is no limit to the number of searches you can save.
• The Favorites Folder allows you to save the individual listings that you find appealing. You can save favorites from different searches into sub-folders, giving you the power to organize your favorite listings however you see fit. This is a great way to put in order those specific listings that interest you most. Again, you may save as many favorites as you wish.
• With the New Listing Notification service, you can be updated via e-mail as to new listings that match the criteria of any saved search. There is no need to check back for updates to your searches. All you have to do is decide whether you want daily, weekly, or bi-weekly notifications of the most recent listings.

I always strive to make the home-buying process as smooth as possible. With the Property Research Center you have the tools at your fingertips that can get you started in the right direction. Please do not hesitate to contact me with any questions; I would love to be of assistance.

Again, thank you for your interest. I look forward to hearing from you.

What's Happening in Real Estate in Waukesha County? WI Realtor,Lisa Bear, Gives You The Real Estate Activity For WAUKESHA COUNTY, WI For the Last 30 Days: Real Estate In Waukesha County 

My name is Lisa Bear of Remax. My market report gives you the real estate activity for the Waukesha County for the last 30 days.

The following MLS information is for the last 30 days from 2/14/12 to 3/14/12. Lisa Bear Gives You The Real Estate Activity For Waukesha County, WI For the Last 30 Days: Real Estate In Waukesha County, WI

In the Waukesha County,Wisconsin Real Estate market 250 properies sold; 58 were listed and sold by the same company, and 192 were sold by co-brokes.

In the Waukesha County, Wisconsin Real Estate market there were 760 new listings.

In the WAUKESHA,Wisconsin Real Estate market there were 253 pending listings.

In the Waukesha County,Wisconsin Real Estate market there were 10 withdrawn listings.

In the Waukesha County,Wisconsin Real Estate market there were 0 canceled listings.

In the Waukesha County ,Wisconsin Real Estate market there were 373 expired listings.

In the Waukesha County,Wisconsin Real Estate market there were 138 back on market listings.

In the Waukesha County,Wisconsin Real Estate market there were 390 extended listings.

In the Waukesha ,Wisconsin Real Estate market there are 4305 currently active listings.

What's Happening in Real Estate in Waukesha County? WI Realtor,Lisa Bear, Gives You The Real Estate Activity For WAUKESHA COUNTY, WI For the Last 30 Days: Real Estate In Waukesha County 

My name is Lisa Bear of Remax. My market report gives you the real estate activity for the Waukesha County for the last 30 days.

The following MLS information is for the last 30 days from 9/20/11 to 10/20/11. Lisa Bear Gives You The Real Estate Activity For Waukesha County, WI For the Last 30 Days: Real Estate In Waukesha County, WI

In the Waukesha County,Wisconsin Real Estate market 316 homes sold; 71 were listed and sold by the same company, and 245 were sold by co-brokes.

In the Waukesha County, Wisconsin Real Estate market there were 617 new listings.

In the WAUKESHA,Wisconsin Real Estate market there were 195 pending listings.

In the Waukesha County,Wisconsin Real Estate market there were 20 withdrawn listings.

In the Waukesha County,Wisconsin Real Estate market there were 0 canceled listings.

In the Waukesha County ,Wisconsin Real Estate market there were 691 expired listings.

In the Waukesha County,Wisconsin Real Estate market there were 160 back on market listings.

In the Waukesha County,Wisconsin Real Estate market there were 563 extended listings.

In the Waukesha ,Wisconsin Real Estate market there are 4795 currently active listings.

Please feel free to call me for any of your real estate needs, including an online market if you are a seller, or finding a home in Waukesha County. Real Estate in Waukesha County is an excellent investment!

When you are looking at buying a Waukesha county home , real estate agent, finding a Waukesha real estate agent, finding a Delafield, Chenequa, Pewaukee, Oconomowoc, Hartland, Waukesha, Wales, Mukwonago, Wales,New Berlin, Brookfield, Dousman, Eagle or any other of the great municipalities in Waukesha County,Wisconsin.

If looking for LAKE COUNTRY LIVING on one of Waukesha County's great lakes: Nagawicka, Pewaukee, Pine, Beaver, Okauchee, Moose, North, Oconomowoc,I would be glad to help you in any relocation to Waukesha County, or help in buying a home in Waukesha County, or selling a home in Waukesha County. I strongly encourage any seller that is looking to market their property this year to get a sound feeling for what it is worth. Real estate in Waukesha County is now an excellent investment, prices of superb, selection is great, and the rates are outstanding.

Please feel free to call me for any of your real estate needs, including an online market if you are a seller, or finding a home in Waukesha County. Real Estate in Waukesha County is an excellent investment!

When you are looking at buying a Waukesha county home , real estate agent, finding a Waukesha real estate agent, finding a Delafield, Chenequa, Pewaukee, Oconomowoc, Hartland, Waukesha, Wales, Mukwonago, Wales,New Berlin, Brookfield, Dousman, Eagle or any other of the great municipalities in Waukesha County,Wisconsin.

If looking for LAKE COUNTRY LIVING on one of Waukesha County's great lakes: Nagawicka, Pewaukee, Pine, Beaver, Okauchee, Moose, North, Oconomowoc,I would be glad to help you in any relocation to Waukesha County, or help in buying a home in Waukesha County, or selling a home in Waukesha County. I strongly encourage any seller that is looking to market their property this year to get a sound feeling for what it is worth. Real estate in Waukesha County is now an excellent investment, prices of superb, selection is great, and the rates are outstanding.