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For Home Buyers:

  • Why Buyers Choose Lauren Bisbee - Why homebuyers looking for a real estate agent in the Sandpoint, Sagle and Hope area choose Lauren Bisbee.

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  • Go to Main Sitemap - Main sitemap sections include Find Sandpoint, Sagle and Hope Homes, For Home Buyers, For Home Sellers, Sandpoint, Sagle and Hope Information, Real Estate Resources, and About Lauren Bisbee.

 

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Real Estate Tips
About Appraisals >Professional Appraisals

Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.

A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.

The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.

See All Tips In The "About Appraisals" Category >
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Real Estate Trivia
Q 
What four states in the Southwest are noted for having boundaries that touch.

A 
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries.
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Lauren Bisbee, REALTOR®, real estate agent and broker for Sandpoint, Sagle and Hope, Idaho home listings, property and land for sale - NUMBER1EXPERT

Lauren Bisbee
Keller Williams Sandpoint

212 N. 1st Ave, Suite 101
Sandpoint, ID 83864
Cell: 208-627-8819
Fax: 208-265-5151
laurenbisbee@NUMBER1EXPERT.com

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