What is the process you go through to do an appraisal?

What is the process you go through to do an appraisal?

By on Jun 2, 2013 in Blog

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 to go up to 12 months if nothing more recent is available.

If you bought a home last year, it was probably a little easier for you than buyers today, who have little to choose from with a noted increase in asking prices. This all has an affect on value.

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