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An appraisal gives you and your lender an estimate of a home’s value. It helps make sure your offer is in line with the home’s fair market value.
BUYING A HOME
What Factors Determine the Value?
Sales price of other homes in and around the neighborhood.
Total square footage and floorplan of the house.
Unique features and finishing details like wood floors.
Amenities like pools, technology and quality of landscaping.
Number of bedrooms, bathrooms and garage space.
Overall condition and visual inspections like foundation.
SELLING A HOME
What Factors Can Affect the Value?
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