The process of real estate appraisal is fundamental to determining the value of a property. For homeowners and investors alike, understanding how appraisers assess property is essential. Let’s explore ...

Appraisers first assign a value to the lot or site on which the home is situated. In the case of our $145,000 example, the 19,780 square foot site is valued at $30,500 based on current sales of ...

Allen Gardiner, one of the owners of Gardiner Ray Real Estate Appraisal & Consulting, shares insider knowledge on the real ...

Appraisal: An appraisal estimates the value of the home as a dollar amount. It’s required by mortgage lenders, primarily as a security measure — so they can ensure they’re not loaning you ...

But you don’t have to silently suffer a low appraisal. These estimates aren’t a hard science and if you feel an appraiser has low-balled your home, here’s how you can make it right.

Q: I am an FHA certified real estate appraiser. In one of your articles, you painted an inaccurate picture of FHA appraisers, stating that they are not qualified to identify defects in a home.

The appraisal is ordered by the buyer’s lender, paid for by the buyer, and performed and compiled by a licensed appraiser who will, first of all, inspect the home.

An appraisal that comes in lower than the selling price can jeopardize the loan and ultimately the sale. The lender will generally only loan up to 80% of the appraiser’s opinion of the home’s ...

How accurate are home appraisals? Home appraisals will never be 100% objective. After all, the appraiser is a human with their own biases and, oftentimes, incomplete sales data.

An appraisal is a critical part of the homebuying process. If your home appraisal comes in lower than expected, it can cost you money and potentially delay — or even derail — the entire ...