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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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SCHOOL INFORMATION AND CHILDREN'S LINKS WELLINGTON AREA ELEMENTARY SCHOOLS WELLINGTON AREA MIDDLE SCHOOLS WELLINGTON AREA HIGH SCHOOLS
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Request My Free Wellington, West Palm Beach and Royal Palm Beach area Relocation Package. Request my Free Wellington, West Palm Beach and Royal Palm Beach area Relocation Package. It's packed full of useful and important information about the Wellington, West Palm Beach and Royal Palm Beach, Florida area. Don't move here without it! Are you new to the area? Request my FREE Wellington, West Palm Beach and Royal Palm Beach area package of relocation information. It's my job to help! There's no obligation, and I promise to respond quickly... 
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 criteria determines the hottest real estate markets?
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Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale. |
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