Posts

Showing posts from May, 2020

Four Ways an Appraiser Determines a Vacant Land’s Value

Image
Many investors struggle with understanding the market value of vacant land; it is because they do not have an idea of how to categorize the lot. However, hiring an appraiser is always a conventional decision to know the value of land that is ready to be sold. Here are four essential aspects that an appraiser checks while evaluating a vacant land appraisers Los Angeles county . 1- Surrounding land uses and area market trends: An expert appraiser will check the neighboring property and inspect where the land usage is heading. The transitions like farms and timberland to residential properties or developments can enhance the value. Furthermore, unused and damaged land can decrease the land’s price significantly.  2- Timber characteristics: The aesthetic appeal of the timber on the land and verifying if it is naturally grown and can get traded for good value is another aspect of gaining extra profit. Also, the appraiser will determine the marketability of the prop

Three Tips for Choosing the Real Estate Appraiser

Image
Appraising a commercial or residential property before making any investment is essential; the process helps the owner make the right decision based on financial aspects.  However, you can end up with loss over gain if you do not choose the appraiser correctly because only a licensed and experienced appraiser can evaluate your home’s value precisely based on market value. So, follow these simple tips before hiring a real estate appraiser. 1- Check the years of experience: The appraisal profession is challenging and takes a minimum of 5 years working with a variety of properties, good education, and an excellent mentor to produce a competent appraiser. So, make sure to contact appraisal services that have experienced appraisers. 2- Select locally: Look for an appraiser that specializes in your market area. An appraiser from another county may not be as knowledgeable as the appraiser available at one of the  home appraisals services in Los Angeles county .