Aldine Texas Real Estate Appraisals

Most often not, house appraisers are inclined to disregard the mess in the house. Being messy shouldn’t be consistent with neglected upkeep though. If at all possible you should make your property reasonably presentable.

An appraiser concludes an valuation for a specific home, while an home inspector enlightens the homeowner on the condition of certain components of the property. A real estate appraiser briefly examines the home to get an sense of the general condition and number of rooms. House appraisers will make adjustments in the sales comparison grid within the appraisal to demonstrate similarity or dissimilarity between the subject property and the comparable sale. Knowing the condition and quality of construction of the Subject property helps appraisers when choosing the right comparable properties. In certain instances, if you feel your property has external or internal deficiencies that may be unapparent to the visible eye of an appraiser, you may consider seeking the advice of a real estate inspector.

Banks will almost always use the contract price or the appraised value, whichever is less, to determine the loan-to-value. So if the appraisal report comes out equivalent to, or above the sales price then all is hunky-dory and the purchase price then establishes the loan-to-value. In the case of a higher appraisal report you know the house has preexisting equity. Realize also that the seller is not provided a copy of the appraisal so they will not be aware that it arrived at a price above the purchase price.