My Home Appraisal. A home appraisal is an objective estimate of the value of your property. When buying a home, if an appraisal is done, who keeps the appraisal copy?. But that doesn’t mean the entire sale is out the window!
A home appraisal is a crucial step in the process of buying a home and getting a mortgage. Many residential home appraisers use the uniform residential appraisal report, form 1004.
Obtaining a professional appraisal or requesting a comparative market analysis from a real estate agent is recommended.
There may come a time when we need a home appraisal, perhaps for a home equity loan or line of credit. A home appraisal contingency is an addendum to the offer contract a buyer submits. It’s a risk assessment calculation of. Location has by far the biggest impact on a home’s appraisal value, since most homes appraise within 20 percent of similar homes in the neighborhood.
