appraisals: What does an appraiser do? How much is my home worth?
- 06/16/08 01:49 PM
They do research based on your property as to size, number of bedrooms, number of bathrooms, year built, lot size, and square footage. They gather data of recent sales in your neighborhood. The appraiser has to locate three similar sized homes which (here is the key) have sold in the neighborhood within one mile of your home within the past six months. The homes that meet the criteria are considered the comparable properties or "comps" for short. The appraiser then takes photos of your street, the front of your home, and rear of your home - as well as interior photos of … (12 comments)
They do research based on your property as to size, number of bedrooms, number of bathrooms, year built, lot size, and square footage. They gather data of recent sales in your neighborhood. The appraiser has to locate three similar sized homes which (here is the key) have sold in the neighborhood within one mile of your home within the past six months. The homes that meet the criteria are considered the comparable properties or "comps" for short. The appraiser then takes photos of your street, the front of your home, and rear of your home - as well as interior photos of … (12 comments)
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