An appraiser is contacted by a lender or other client, and is given an assignment to estimate the value of a home. We utilize historical housing sale data, known as “comparables” or simply “comps”, to help us determine the current value. At Time Saving, we try and stay within 3 months to get the most accurate current picture, but are allowed...
Read MoreA recent article on CNN Money, Home Appraisals No Longer Derailing Sales, has our heads spinning. Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through. During the housing bust, sales were often derailed by low-ball appraisals that fell far shy of a home’s...
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