Since home values have continued to climb over the past couple of years, ensuring that you get a solid home appraisal is very important.
To get the best possible appraisal, here are a few key steps you’ll need to take:
Be knowledgeable about recent sales information. Recent sales in your area are a key component of your appraisal. In some instances, recent selling prices may have been negatively affected in your neighborhood for a variety of reasons. Ask your real estate agent to research recent sales and be ready to provide this information to the appraiser.
Improve the overall condition of your home. Any home improvements will increase the value of your home. Also, although an appraisal isn’t based upon a home’s cosmetic appearance, it does nevertheless have an influence on the valuation. Treat your appraisal just like you would an open house. Make sure your home is clean, uncluttered and free of any repair issues.
Know all of your home’s features. Your home likely has a few special features that distinguish it from the other homes in your area. Know what these features are and make sure your appraiser is aware of them as well, as there’s a good chance that they either don’t know about them or may miss them entirely during their appraisal.
Don’t be afraid to ask questions. The best time to ask questions is during the actual appraisal. Once it’s completed, make sure you get a final copy of the appraisal and read it thoroughly. If you find any errors, omissions or inaccuracies, don’t be afraid to point them out. Also, if you have any questions or concerns, your agent and mortgage professional are great resources to help you understand the components of the valuation.
For more than 25 years, Omega Financial has been serving mortgage clients in Massachusetts. Our brokers have approximately 50 years in the mortgage business. You always will receive fast, courteous, and accurate information. Omega Financial, Inc. is a company duly licensed to operate in Massachusetts as a Mortgage Brokerage. We are located in the Town of Norwood, Massachusetts where we have been operating as Omega Financial Incorporated since 1988.
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