House Appraisal Value: Things to Expect
When you have the plans of selling your house in order to acquire a new one, you will be facing one of the basic requirements - house appraisal. In here, your house will be given a market value based on the standards as set by the appraisers.
Most of the time, you do not know what to expect when an appraisal is being done on your house. Don't worry as this is what other people are normally experiencing. Just to give you some things about what happens during an appraisal, below would be some of the things that may happen:
a. The market value of your house during appraisal is compared to the market value at present on the same property belonging to the same area. What the appraiser will do is to find a house that is closely the same as yours and that becomes the point of comparison in terms of market value.
b. The appraiser takes a lot at the overall value of the house and not just on external parts like newly repainted, sinks broken being fixed, wall, floor, and ceiling tidied up. However, having all these maintained will help give your house a better appraised value.
There are several things that may happen during the appraisal. And what you can expect may be a little different.