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Thank you so much for your service!  WE SOLD OUR HOMESTEAD IN ALASKA.........to a buyer from Ft. Lauderdale, Florida, who saw our ad on your site!Again....THANK YOU SOOOOOOO MUCH. We are telling everyone we know about your service! Jack Beesler

 

Susan- We wanted to let you know that our Lake Michigan Beach House, which we had listed on  homeportfoliojunction.com site, has sold.  Thank you so much for your great work in listing it!  We've really appreciated your assistance. Cathy Post Radke Construction.

 

Real Estate Appraisal
 

An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise.

 

The appraiser does not create value, the appraiser interprets the market to arrive at a value estimate. As the appraiser compiles data pertinent to a report, consideration must be given to the site and amenities as well as the physical condition of the property. An appraiser may spend only a short time inspecting the property, however, this is only the beginning.

 

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Considerable research and collection of general and specific data must be accomplished before the appraiser can arrive at a final opinion of value.

 

Due to the many types of value, such as Fair Market Value, Insurance Value, Tax Value and Value In Use, the need to precisely define the purpose of the appraisal is essential.

 

 Be prepared to answer some Questions.


Once you have selected an appraiser, be prepared to answer questions and provide requested information.


What is the purpose of the appraisal?


When is the required completion date of the appraisal?


Is property listed for sale and if so, for how much and with whom?


Is there a mortgage? If so, with whom, when placed, for how much, type of mortgage [FHA, VA etc.], interest rate, and any other types of financing.


What personal property, such as appliances, are included ?
If it is an income­producing property, provide a breakdown of income and expenses for the last year or two and a copy of leases.


Provide a copy of deed, survey, purchase agreement or other pertinent papers pertaining to the property.


Provide a copy of current real estate tax bill, statement of special assessments, balance owing and on what [sewer, water, etc.

 

Companies & Resources

 


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Email snichols@homeportfoliojunction.com  Copyright © 1997

 

 

 


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