Search results
Results from the WOW.Com Content Network
Bankrate’s take:An appraisal can help you, the homeowner, too.By providing a current valuation of your home, an appraisal can come in handy if you contemplate selling your property. If your home ...
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.
An appraised value (United States) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution .
A no-closing-cost refinance is a type of low-cost refinance that allows you to refinance without paying closing costs upfront. Instead, you roll those expenses into the loan, which means a higher ...
Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a ...
In addition, if your home’s current market value is higher than what the lender assumes and you end up with a loan that’s less than 80 percent of the home’s value, you’d be able to avoid ...
Let’s say your home’s assessed value on your most recent property tax bill was $368,000, while the appraised value for the refinance is $430,000. Your property taxes would be calculated using ...
Traditional appraisal process. No-appraisal process. Inspection. Licensed appraiser inspects property in person. Uses automated valuation models (AVMs) to assess value