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Real Estate Forms (RealEstateForms.info) |
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Appraisals
Are you aware that many real estate appraisers are unlicensed? Do you understand that every bank gets an appraisal report, sometimes by unlicensed people, prior to granting a loan? If that report is wrong, kiss your loan goodbye. Based on what the real estate appraiser says, lenders may want a larger downpayment, charge you a higher interest rate, or reject your purchase all together.
Appraisals are a critical part of every Real Estate transaction from refinancing, eliminating PMI, divorce, estate planning, and property taxes, to the purchase of your home. Good appraisals can make a lender or the IRS happy, but a poor appraisal can turn your entire life upside down with devastating results. Methods of appraisal used are not consistent and are often mis-understood by most people in the business (Real Estate Agents and Bankers)? Don't trust others to hire someone so important. You need to know just exactly when you need an appraisal and how to get the most out of it. It's to your benefit to know what is and isn't important to the appraiser. The only way you can be sure of getting a quality appraisal report is to know what to look for. Whether you are buying a home or getting a divorce - an appraisal is about to become an important part of your life. RealEstateForms.info in conjunction with the Real Estate-Advisor.com has assembled informative reports. The reports listed below are designed to help you avoid problems and make your life easier. |
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