Posts

Showing posts from October, 2020

The Top Four Appraisal Questions Explained.

 When it comes to Residential appraisals in Orange County, it is common for people to have tons of questions. This is because the terms and jargon provided on the internet to explain the procedure can be challenging to comprehend by someone who isn’t aware of the appraisal. However, we collected a few common questions that every homeowner had before the appraisal was scheduled.  Here in this blog, we will try to answer those questions so that you have proper insight. 1- How long will the appraisal report last? The type of loan you opt for determines the expiry date of the appraisal. It can take anywhere between 90 to 120 days for the report to become ineffective. 2- Why can’t the appraisal report last forever? The appraisal report displays the value of your house. And we all know that the property market fluctuates. Even your home’s age or other conditions have a greater impact on the overall value of your property. That is why the appraisal report comes with an expiry date.  3- What i

How Long Does It Take To Appraise The Property?

When an appraiser stops by, you can expect him to take anywhere between one to more than four hours to evaluate your property; the hours can vary based on what size your overall property is.  And during the process of inspecting your property, the appraiser will conduct certain procedures, such as: Visit every room on the property Create a complete outline of the property with measurements Click pictures of the overall property (interiors and exteriors) Write down the features, number of rooms, upgrades, and other things What happens next? You may think that once the procedure, as mentioned above, is completed, then it means the Commercial appraisal in San Diego is completed too. Well, no, the appraiser will conduct a few more inspections too. For instance, he will take the information collected during the process and compile it into an appraisal report. This report exhibits the data taken from your property, comparable property listings and sales, quality ratings, and even valuation