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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 ...
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 ...
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 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.
The appraisal can help the lender learn about the value of homes in your neighborhood, as well as how you’ve maintained the property. Why do lenders require home appraisals for a refinance?
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related to: appraisal for refinance vs selling value of real estate calculator for buyerbenchmarkguide.com has been visited by 10K+ users in the past month
doconsumer.com has been visited by 100K+ users in the past month
homelight.com has been visited by 100K+ users in the past month
Agents represent "the top 1%" of local real estate pros - SacBee