This contingency is required by your lender and involves a third - party
appraiser assessing the value of the property.
Not exact matches
After you make an offer on the
property and go back to your lender for the loan, they will send a professional home
appraiser to
assess the
value of the
property.
An official estimate
of your proposed home's
property value, as provided by an accredited real estate
appraiser, who
assesses the home's size, condition, comparable homes on the same street, among other factors.
The appraisal fee is a payment for the
appraiser who
assesses the
value of the
property you are looking to buy.
Drive - by Appraisal — AmeriCU uses this method to
assess the fair market
value of a member's home in which an
appraiser literally drives by the
property, but does not enter it.
If a comp isn't an exact match — which is typically the case — an
appraiser will make adjustments in order to fairly
assess the
value of the
property you want to buy.
Soon after
assessing the
value of property, the
appraiser provides a report or a written summary to the client which states the appraisal
of the
property.
The
value of any given
property is generally
assessed via the expert services
of a certified real estate
appraiser.
The
appraiser will
assess the
property using a complex set is criteria to arrive at the appraised
value of the
property.
Our team
of certified and experienced
appraisers at SF Bay Appraisal understands the complexities involved in
assessing the
value of a
property under these difficult circumstances and work hard to provide you with the best possible experience.