How an appraiser comes up with your home’s value during their inspection.
What should sellers know about appraisals? An appraisal is an opinion of value where an expert appraiser will come to your house and estimate how much it is worth. An appraisal can significantly impact the sale of your home. Therefore, it is essential to understand how appraisers come up with their values and what factors they consider.
When appraising a property, appraisers look at various things, including the floor plan, finishes, construction quality, number of bedrooms and bathrooms, square footage, updates, location, and more. They consider every aspect of the property to provide an accurate value. While many people focus solely on the price per square foot, this isn’t always the most crucial factor. Each home is unique, and various aspects go into determining its value. Appraisals are a complex process, and it’s not as simple as using an algorithm.
If you have questions about the appraisal process or need help with your real estate goals, call or email me. I’d love to hear from you!
