US EditionHow Appraisers Determine Comps
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How Appraisers Determine Comps
You may go through an appraisal if you’re buying a home with a mortgage or refinancing your current mortgage. An appraisal can also be a key part of the transaction if you’re selling to anyone aside from an all-cash buyer. Understanding how appraisals work is important whether you’re a buyer, seller, or owner. The appraisal is an unbiased opinion of the value of your home from a professional. It’s used any time a mortgage is involved with the pr…
Appraisals with Randy Thomas
Randall Thomas, Appraiser and Past President (2013) for Tennessee REALTORS®, joined the RealTea Podcast (Season 2 Episode 4) to answer in-depth questions about appraisals for REALTORS®. So how does the appraising process work? Randall stated that lending institutions first go through a third-party appraisal management company (AMC), which then contacts an appraiser to appraise properties
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