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  2. How to build equity in your home in 2024 (and why you should)

    www.aol.com/finance/build-equity-home-why...

    Increase the property value. Home renovations can boost a property’s value and, therefore, your equity. Just keep in mind that you likely won’t recoup all the money you put into home projects ...

  3. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    Appraisals can also help you secure a lower interest rate and increase your odds of approval. ... requires a refinance appraisal “to accurately assess the value of the property and the risk of ...

  4. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    Thus, the definition of value used in an appraisal or Current Market Analysis (CMA) analysis and report is a set of assumptions about the market in which the subject property may transact. It affects the choice of comparable data for use in the analysis. It can also affect the method used to value the property.

  5. Highest and best use - Wikipedia

    en.wikipedia.org/wiki/Highest_and_best_use

    In appraisals, an entity is assessed at its highest or best use to maximize value and increase revenue. However, the value of an entity at its highest or best use may not be greater than the value of an entity in its present use if remediation is required to convert the entity to a different use. [8]

  6. Comparables - Wikipedia

    en.wikipedia.org/wiki/Comparables

    Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...

  7. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    A new coat of paint and other improvements can help you land a higher appraised value. How the appraisal process works. With a refi, the appraisal will occur before the final approval of the loan ...

  8. 6 Things You Need To Do When Preparing for a Home Appraisal - AOL

    www.aol.com/6-things-preparing-home-appraisal...

    Homes appraise in increments of $500, so every perceived defect in your home, such as a leaky faucet, peeling paint, or non-functioning light switches, could cost $500 in your appraisal value.

  9. Broker's price opinion - Wikipedia

    en.wikipedia.org/wiki/Broker's_price_opinion

    A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.

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