Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.
A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.
The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.
June Seebohm Keller Williams Realty, Hilton Head Island, SC 8 Lafayette Place Hilton Head Island, SC. 29926 843-290-2929 843-682-8111 877-877-1957 Fax: 843-681-6579 Email: June@AlwaysJune.com
June offers you a degree of personalized service rarely found among
Realtors. Through a unique combination of devotion, compassion and good, old-fashioned hard work June has established an excellent reputation among, not only her clients but her peers as well. June is originally from Northern Ireland and has moved many times in the UK and US so she understand very well the kind of stress involved in residential sales and purchase. It's often an intense time of transition for all involved.
Also her personal knowledge of building new homes and renovating homes
is invaluable. Her high-tech office and staff allow immediate response
to phone calls, emails and faxes. She is always "on the other end" of
her cell phone. Please call her any time.
www.AlwaysJune.com
is brought to you by June Seebohm
NUMBER1EXPERT in real estate for Hilton Head Island and Bluffton, South Carolina
- NUMBER1EXPERT 
