THREE MYTH BUSTING FACTS ABOUT HOME APPRAISAL BY NAFTALI HOROWITZ Real estate valuation is a complicated and arbitrary process. People often think why the same house next door gets a higher price or why new marble countertops don’t add more to their home value. All this depends on the home appraisal. A home appraisal is an integral part of a real estate selling and buying process. Professional appraisers like Naftali Horowtiz help in setting a fair, realistic listing price for your property. A bad appraisal can become a roadblock in your path to achieving a good amount for your property. Despite the importance of the appraisal process, myths surrounding it prevent buyers and sellers from enjoying the benefits of the appraisal process. Keep reading to know essential facts about the appraisal process.
A home appraisal is needed even after home inspection: If the consumers are getting finance, a home inspection may not be required, but the appraisal is important. Many people think appraisal and home inspection are the same, but there is a difference between them. All appraisers are not the same: Before appointing the appraisal, make sure they have a proper license. However, like in other professions, appraisers' experience, expertise, and certification may vary. Hence, you must read reviews and carry out background inspections before choosing the appraiser. Ever improvement doesn’t add to home value: Every home improvement project doesn't add to the home value. Don’t carry out home repairs that only cost a hefty amount and provide no results at the time of home sale.