Home Appraisal in a Nutshell by NH Appraisal Associates You are most likely to encounter a home appraisal contingency at some point whether you are selling or purchasing a home. The process sure can be nerve wrecking but knowing what to expect from a home appraisal can put your nerves at ease in a jiffy. NH Appraisal Associates break down to what, why, and how of home appraisals and share some tips to help your home come out on top.
What is a home appraisal? It is a process by which a licensed appraiser conducts a thorough inspection of a property to assess its true worth. The appraiser is sure to compile all of their findings into a report and generate the home appraisal’s value. The lender will typically handle ordering the appraisal, if a buyer is financing their purchase with a loan. Why should you care about home appraisals? If you are financing your purchase with a loan, your lender might require an appraisal contingency to ensure that your loan does not exceed the value of the property. Here are a few things to do to get the maximum appraisal value 1. Crank up the curb appeal The exterior of your home plays a role in determining its value. 2. Vet the competition
You must look at the sales prices for homes in your area that are similar in squ8are footage, layout, and condition to your own house. This is everything you need to know about home appraisal as dictated by NH Appraisal Associates. We hope that this proves to be helpful for you.