(303) 500-3310 
Fax: (720) 306-4395 

 

(303) 500-3310 
Fax: (720) 306-4395 

 

Saturday, December 15, 2018
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Home Appraisals

Appraisal Basics
An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise.

Appraisal Methods
An appraisal is an opinion of value or the act or process of estimating value. This opinion or estimate is derived by using three common approaches, all derived from the market.

Appraisal Needed to Obtain a Loan
Usually, individuals applying for a loan are only interested in obtaining the loan and unfortunately are not worried about the prudence of buying the property at the agreed price.

Determine a Home's Market Value with Appraisal
In the real world, very few individuals order appraisal reports to establish an offering price or to substantiate a purchase price.

Helping the Appraiser
Once you have selected an appraiser, be prepared to answer questions and provide requested information.

Other Reasons to Order an Appraisal
There are many reasons to obtain an appraisal. The most common reason is for a real estate or mortgage transaction, but we have compiled a list of other reasons to order an appraisal.

CMH - NMLS: 281811
8055 East Tufts Avenue, Suite 250 | Denver, CO 80237
(303) 500-3310  | Fax: (720) 306-4395 

CMH - NMLS: 281811
8055 East Tufts Avenue, Suite 250 | Denver, CO 80237
(303) 500-3310  | Fax: (720) 306-4395