Sentences with phrase «recent appraisal valued»

Their recent appraisal valued their condominium at $ 700,000, with over $ 350,000 in appreciation and after paying down their mortgage over the last few years, they had built up over $ 400,000 in home equity in their condo.

Not exact matches

The decision has received a good deal of attention from the press and commentators, largely because the Court rejected the use of the transaction price as compelling evidence of fair value, despite several recent Delaware appraisal decisions that have relied heavily or exclusively on the transaction price.

This is so they can judge the current value of the property accurately, and so give you the most up to date quotation regarding how much you can borrow against the property.The appraisal will inspect the internal and external up keep of the property, the quality of local amenities and services in the local area, and the recent selling price of similar homes in the vicinity of your property.

Appraisals take into account recent sales from the same community, and surrounding area, community adjustments, and location to determine the value.

A recent appraisal places the value of your house at $ 250,000, and you still have $ 195,000 left on the original $ 200,000 note.

Two different appraisers could give different values on the same day; generally, an appraisal will give a range of values based on recent sales, comparable homes in the area, etc and making allowances for the unique properties of your home in particular.

To do so, you will likely need a recent receipt or appraisal establishing the value of each item.

While some noted that recent changes to the FHA's handbook on appraisals seemed to imply that appraisers» work is more akin to that of the home inspection community, Eisenbraun disputed that, noting that appraisers and lenders can always order a more experienced or capable inspector to do follow - up work that will help the lender determine proper value.

With an appraisal, a professional estimates the property's market value based on recent sales of comparable properties.

An appraisal is a professional estimate of a property's market value, based on recent sales of comparable properties, location, square footage and construction quality.

One thing appraisals and AVMs have in common is their reliance on the recent sale value of comparable properties, often called «comps.»

Since I believed recent sales would support a value near $ 100,000, I advised her to obtain an appraisal to help her decide whether to accept the $ 90,000 offer.

The appraiser collects accurate physical data about the property being appraised, as well as other information such as lease agreements if the property is income producing, and then performs research on recent sales, listings, and cost data to arrive at their appraisal value estimate.

It's also important to note that an appraisal is an opinion of value, which is based entirely on a subjective selection of a few recent sales that he or she deems comparable to the subject property.