A home appraisal is a critical step in the buying or selling process, as well as in situations like divorce settlements and estate planning. Whether you’re a homeowner looking to sell, a buyer securing a mortgage, or someone navigating legal matters, ...
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Fair Market vs. Appraised Value: What’s the Difference?
When it comes to real estate transactions, whether you’re buying a home, navigating a divorce, or planning an estate, understanding property values is important. Two key terms that come up in this context are "appraised value" and "fair market ...
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Understanding the Home Appraisal Process
Whether you’re buying or selling a home, navigating a divorce, or handling estate planning, understanding the home appraisal process is crucial. Appraisals are the foundation for determining a property’s fair market value, ensuring that all parties ...
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Common Appraisal Myths Debunked
Home appraisals determine the market value of a property, which helps protect both buyers and lenders by ensuring a fair transaction. Yet, misunderstandings around appraisals can lead to confusion and misinformation. Here are some of the most common ...
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Do Home Improvements Add Value?
Your personal motivation to make a home improvement may not translate into resale value or a higher appraised value. Converting a garage into a living space may seem like a good idea in a home cramped for space, but may actually detract from the ...
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The Importance of Home Appraisals
When buying or refinancing a home, one step of the process is the home appraisal. If you are navigating the mortgage process, understanding the importance of an accurate home appraisal can make all the difference.
What is a Home Appraisal?
A home ...
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