If you are buying, selling or refinancing a home, having a home appraisal is an important part of the real estate transaction. A home appraisal is simply an unbiased professional opinion of what a home’s value is worth. As a seller, you can use a home appraisal to determine what you should ask for your home. As a buyer, your lender will require an appraisal to ensure that you are not over-paying for a property.
What Does An Appraiser Look At When Determining The Value Of A Home?
A home’s appraisal value is determined by looking at recent sales of similar properties in your area that are most similar to your home. Things like the home’s amenities, how many bedrooms and bathrooms the home has and the square footage is also taken into consideration when assessing the home’s value. The appraiser will do a visual inspection of your home – both inside and outside. The appraiser will note any issues that may affect the property value.
Is An Appraisal Different Than A Home Inspection?
Yes! According to EPM Appraisals, The appraiser is not a home inspector and he or she does not do a complete home inspection. The purpose of a home inspection is to investigate the structure of the house from basement to attic. Generally, a home inspection report will evaluate the amenities and the necessities of the property: air conditioning (weather permitting), electrical systems, the condition of the heating system, the plumbing; then the structural capacity of the home such as the attic, accessible insulation, walls, floors, ceilings, windows, then the foundation, basement and other visible structures.
Home Appraisers Team Couch Recommends:
- Mike Cooper
- Jarrett Magee
- McKeever Heun
- Neal Copeland
- Randy Stark
Team Couch offers exceptional real estate service to ALL clients in the North Mississippi real estate market including the communities of Hernando, Southaven, Nesbit, Olive Branch and Horn Lake as well as surrounding areas of Tate, Tunica and Marshall Counties. Contact us to learn more today about buying or selling your home!