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As with the original appraisal you paid for when buying the home, the refinance appraisal assesses your property’s condition and compares the place to similar homes in your local real estate ...
Not everyone needs an appraisal to refinance a home loan, but should you get one anyway? Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
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 ...
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.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
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 ...
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related to: appraisal for refinance vs selling value of real estateData-driven approach helps people sell for more money - VentureBeat