Financing and Credit
These are, by far, the most common appraisals. These appraisals simplify and speed up the general lending process for all parties involved. Many of the questions about a property are answered in these valuations.
Key Benefits – Purchaser 3
- Assurance that the property they are buying is truly worth what they are paying.
- Gain knowledge of the value of their property in its current condition and how best to improve this property to increase its value and equity.
Key Benefits – Lender
- Accurate market values from which to establish original loans when individuals are purchasing new homes.
- Accurate market values to utilize to establish equity in a property for home equity lines of credit or loans.