Working With Appraisers

Welcome > Resources > Tips > About Appraisals > Working With Appraisers …

Working With Appraisers


After the buyer and seller come to a “meeting of the minds” on the price
of a house, there is one more person who must be convinced that the
house is worth the selling price–the mortgage company’s appraiser.

The appraiser looks for three similar houses that have sold in the same
area within the last several months, and compares the selling prices of
these homes with the one that is now on the market. The appraiser makes
adjustments to account for the differences in each property, and
averages the adjusted prices of the other three homes to arrive at a
final opinion of value. In subdivisions or condominium projects where
there are many similar properties and numerous recent sales, the
appraiser’s job is relatively easy. In neighborhoods of older homes that
have been renovated or remodeled over the years, it can be like
comparing apples and oranges.

If the appraiser’s evaluation is lower than the selling price, it can
stall the transaction because the lender may decline the buyer’s loan
because of the discrepancy. A real estate agent can work to minimize
potential delays associated with the appraisal process by helping the
seller to price the home as close to fair market value as possible.

Do These Real Estate Tips Really Apply to YOU? 

We’ve learned these tips through experience. But we know that YOUR situation might be different. That’s why we’re here. 

It’s
our job to personally advise homebuyers and sellers. Ask us if any tip
that we’ve included here really applies to your situation. 

Do
any of these tips raise questions for you? Didn’t find what you’re
looking for? Let us know! We are happy to answer ANY questions. It’s our
job! There’s no obligation, and we promise to get back to you
quickly… 

About You
* Your Name:
* Your Email Address:
Your
Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
Additional
Info
Ask
Your
Question Here!
Send
Latest Listings:		 What is this?
Send
Latest News:		 What is this?

*Please note that fields
marked with an asterisk are required.

Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >


School Reports in Baton Rouge, Prairieville/Gonzales and Denham Springs/Walker, Louisiana



“A model of how the Internet can facilitate the process of deciding where to send your children to school”
- America’s Best School Profiles by
The Heritage Foundation



Louisiana Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
 
Schools in Baton Rouge, Prairieville/Gonzales and Denham Springs/Walker 

Q 


Where in the United States will you find the largest concentration of million-dollar homes?

A 
There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.

See More Real Estate Trivia >



Print This Page Send To A Friend

Exit Realty Keystone, REALTOR®, real estate agent and broker for Baton Rouge, Prairieville/Gonzales and Denham Springs/Walker, Louisiana home listings, property and land for sale - NUMBER1EXPERT

Exit Realty Keystone
Exit Realty Keystone
5721 South Sherwood Forest Blvd.
Baton Rouge, LA 70816
Phone: 225-293-0001
Fax: 225-293-0002
sharlasossamon@NUMBER1EXPERT.com

REALTOR MLS Equal Housing


www.GoExitRealty.com
is brought to you by Exit Realty Keystone

NUMBER1EXPERT in real estate for Baton Rouge, Prairieville/Gonzales and Denham Springs/Walker, Louisiana

Read Exit Realty Keystone’s
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge

USA and Canada Real Estate - NUMBER1EXPERT


NUMBER1EXPERT®

© Best Image Marketing and/or its clients.

All rights reserved. All information deemed reliable but not guaranteed.

Recent Post