Can I Sell My Home For Its Appraised Value?

Does Appraised Value Equal Sales Price? This question came to mind this week when I was speaking with a homeowner at an appraisal appointment. He didn’t ask me this specific question but he did make the following statement: “Just because your home appraises for a certain amount doesn’t mean that you can sell it for […]

Is My Home Appraisal Confidential?

Home Appraisal Confidentiality “Is My Home Appraisal Confidential?” This is a fairly common question I get asked that I have not touched on in a while. In this post, I’d like to share a little bit about who has access to information in the appraisal and who actually gets the report. First off I would […]

How Do Appraisers Use Active Listings and Pending Sales In An Appraisal?

Can Active Listings and Pending Sales Be Used As Comps? Most people are familiar with what a “comp” is in real estate and more specifically in an appraisal. A short definition for a comp would be a property that is an acceptable substitute for the property being appraised. An acceptable substitute would mean that the […]

What is Market Value?

Market Value Dissected There are different definitions of market value but today I’m going to discuss the one that appraisers use in their appraisal reports. Here is the definition of market value that is included in every appraisal report: The most probable price which a property should bring in a competitive and open market under […]

Insurance Appraisal vs Bank Appraisal: What’s The Difference?

Is There A Difference Between an Insurance Appraisal and a Mortgage Appraisal? A question I’ve been asked in the past has to do with the difference between an insurance appraisal and a bank appraisal. While both are appraisals there are big differences between the two so I thought I would share with you what they […]

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