Have you ever wondered how a “value” is established for real estate property? While there is always a lot of detail involved, the basics of determining a property’s value is to first look at what other properties sold for in the area, and then compare the properties. The appraiser will add or subtract value based on the differences in the homes being compared, to come up with an estimated value for each home! If you want to buy a home or refinance what you own and are curious about the value, let’s chat!
Related Article Title: Fannie Mae Appraiser Update – Dated March 2020 Written by: Lloyd Rutherford, Staff Writer The more that you understand how collateral is evaluated, the more likely you are to avoid problems with your applicants. Read through this quarterly appraiser update to stay informed. Rule Synopsis: Fannie Mae publishes a quarterly Appraiser Update […]