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Methods of Sacramento Real Estate Appraisal
 

Methods of Sacramento Real Estate Appraisal

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The first thing you have to remember in making an appraisal is to make it a point to be around during the appraisal. Your presence greatly helps in influencing the method positively. ...

The first thing you have to remember in making an appraisal is to make it a point to be around during the appraisal. Your presence greatly helps in influencing the method positively.

For more information please visit us at http://www.DavidYaffeeTV.com

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    Methods of Sacramento Real Estate Appraisal Methods of Sacramento Real Estate Appraisal Presentation Transcript

    • Methods of Sacramento Real Estate Appraisal©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalThe first thing you have to remember in making anappraisal is to make it a point to be around during theappraisal. Your presence greatly helps in influencing themethod positively.The more upgrades you will be able to pinpoint to theappraiser, the more accurate he or she will be able toevaluate your home’s condition. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalYou may look around your neighborhood and ask aboutcomparable houses in the area and find time to visit themin advance if you have a chance to do so.Your local Department of Real Estate office (DRE) canhelp you out find the best appraisal company for you. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalYour trusted realtor can also help you in this matter sincehe or she knows the best appraiser around and knows agreat deal about the area.It is preferable that your realtor is also around during areal estate appraisal. One of the basic steps in the homebuying or selling process is a real estate appraisal. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalAccording to some experts, this method helps to establishthe market value of a home and its likely price in acompetitive and open real estate market.Mortgage lenders such as banks and other financial firmwill surely require an appraisal if you are going to use aproperty to secure a loan since they want to make surethat the property will sell at the amount it will lend you. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalThat is a no brainer and this method is also done byinvestors as well to be able to loan money from banks andother financial institution.The methods of a real estate appraisal include thefollowing; ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate Appraisal• Banks and other financial firm will get full information on the subject property, along with side-by-side comparisons of three similar houses.• They will also make an evaluation of the overall real estate market of the area. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate Appraisal• An estimate of the average sales time of the home.• Statements about issues that the appraiser feels could negatively affect the home value, such as poor access to the property. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate Appraisal• Banks will also take note about possible serious problems inside the house like the ceiling, flooring and even the foundation of the house.• Banks will also investigate the type of community or neighborhood the home belongs. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalExperts added that in appraising residentialproperties, there are two techniques to be used, these arethe Sales Comparison technique and the Cost technique.In the first technique, the appraiser makes an estimate ofthe home’s market value by comparing similar housesthat have sold in the area. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalThe homes used are known as comparables or comps.Because no two homes are the same, the appraiser shouldcompare the subject home with the comps, makeadjustments to make the features nearer to the subjecthome.The result is a figure that show what each comp wouldhave sold if it had the same components as the subjecthome. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalThe other one, the so called cost technique, the appraiserestimates the amount of the replacement of the structureif it were destroyed.Although some areas do not require license orcertification, a licensed or certified appraiser should do areal estate appraisal. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalAlways keep in mind that appraisals are verysubjective, so they are open to manipulation. A real estate appraisal is very important, particularly ifyou want to sell your home. Maximize the value of yourproperty by taking an active part in the appraisalprocess. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalRemember that appraisers are not robots, they are notfamiliar with every aspects of your home needed to beappraised.So, better help your appraiser understand your propertymore. ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate AppraisalLooking for Sacramento Real Estate appraiser?Then visit us at www.DavidYaffeeTv.com !We can refer Sacramento Real Estate appraiser for free!Visit us now! ©www.DavidYaffeeTV.com
    • Methods of Sacramento Real Estate Appraisal Brought To You By ©www.DavidYaffeeTV.com