http://www.dreamwellhomes.com/appraisal How do appraisals work? Get appraisal questions answered such as how do appraisers select comps? How to increase the value of my home? What are my options if the home appraisal is less than the purchase price? How to prepare for an appraisal? How does the appraisal process work? For more information, please visit http://www.dreamwellhomes.com/appraisal
You may be wondering “What is my home worth?” so Ryan Scholer of http://LenderFi.com explains some of the important things you need to know about getting an appraisal for a home mortgage or refinance. You will learn the three ways to appraise a home in real estate, the income approach, the cost approach and market data approach. You will learn how to avoid some common mistakes and how to get your home ready. You might also be surprised to know just how much of an impact you as the home owner can have on the actual appraisal (and how to increase the value of your home) by preparing a few things beforehand. For instance, in the state of California, all homes need to have a CO detector and this can affect your appraisal!
Bill Hardin, Director of the Real Estate Institute at FIU, joins the show via Skype to discuss tips for dealing with a low appraisal situation as well as other issues faced during the appraisal process of a property.