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About Appraisals >Lender Appraisal
Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.
To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.
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What was a sure way to accumulate wealth through the 1970s and early 1980s?
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Many people made their fortunes in real estate during this period. |
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Hildi Baker , CSP, ABR, CRS
Prudential Fox and Roach Realtors
601 E. Baltimore Pike
Media, PA 19063
Direct : 610-627-4925
Business: 610-566-3000
Fax: 610-566-8664
Email: hildibaker@prufoxroach.com
Terri Coyle, ABR
Prudential Fox and Roach Realtors
601 E. Baltimore Pike
Media, PA 19063
Direct: (610) 892-5773
Business: (610) 566-3000
Fax: (610) 566-8664
Email: terri.coyle@Prufoxroach.com
Hildi Baker is a full-time Realtor with over 20 years experience who is a recipient of many Multimillion Dollar Producer Awards as well as multiple Service Awards. The CSP designation was awarded to Hildi by the Home Builders Association of Chester and Delaware Counties making her a Certified New Home Sales professional. With honesty and integrity Hildi's team will employ vast Real Estate knowledge to provide you with excellent customer service in a timely and caring manner that produces exceptional Real Estate results.

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