What is a real estate appraiser?
A real estate appraiser is an individual that is licensed and experienced in the valuation of property. They give an opinion of value for that property, and the opinion is used in the mortgage proces
http://www.brokeroutpost.com/reference/31484.htm (Updated: 12/04/2007)
Related Reference Topics: [appraiser, appraisal, value, valuation]

How accurate are value estimators?
Most online value estimation sites will only be able to judge a value if your local tax office has updated their online database. The results given are only going to be as good as the information ava
http://www.brokeroutpost.com/reference/23733.htm (Updated: 12/02/2007)
Related Reference Topics: [appraisal, value, estimate]

Real Estate Terminology
Appraiser A professional who has the knowledge and expertise necessary to estimate the value of real estate. Ideally, an appraiser acts independently of the buying and selling parties in a transactio
http://www.brokeroutpost.com/reference/25361.htm (Updated: 10/11/2007)

Real Estate Appraisal
A real estate appraisal is an opinion of value of a certain property. The appraisal is used, and usually required, in the mortgage process. Lenders want to know how much your home is worth, so they
http://www.brokeroutpost.com/reference/26478.htm (Updated: 09/06/2007)
Related Reference Topics: [real estate appraisal, appraisal, appraiser]

The Appraisal Report
The appraisal report is completed by a licensed appraiser who determines what the value of the inspected property will be. There are three methods that the appraiser will use to validate his opinion i
http://www.brokeroutpost.com/reference/63624.htm (Updated: 09/06/2007)
Related Reference Topics: [appraisal, appraiser]

Is an inspection the same as an appraisal?
When buying a home it is advised to not only have an appraisal, but also an inspection of the home by a certified inspector. An inspector will inspect all areas of the home for damage and note any pr
http://www.brokeroutpost.com/reference/25709.htm (Updated: 09/06/2007)
Related Reference Topics: [appraisal, inspection]

What Is An Appraisal
An appraisal is a written report of the estimated value of a property prepared by a certified real estate appraiser.
http://www.brokeroutpost.com/reference/28685.htm (Updated: 09/06/2007)
Related Reference Topics: [urar, drive-by, field review]

What costs will I have to pay at closing?
To avoid any surprises at closing, a good rule of thumb is to set aside an amount equal to 2-3% of the purchase price to cover expenses like the following: Prior to Closing - Earnest money deposit
http://www.brokeroutpost.com/reference/147453.htm (Updated: 08/04/2007)
Related Reference Topics: [closing costs, prepaids, title, appraisal]

home values
Many homeowners wonder what their house may be worth on their local real estate market. One of the best ways to determine the value is to hire an appraiser to appraise the value of your home.
http://www.brokeroutpost.com/reference/43904.htm (Updated: 06/27/2007)
Related Reference Topics: [home value, appraisal]

What are "Junk Fees"?
Many consumer watchdogs would argue that “junk fees” are any loan costs paid directly to your mortgage broker or lender. Examples of this would be fees paid to your broker for “processing” your loan
http://www.brokeroutpost.com/reference/130406.htm (Updated: 06/07/2007)
Related Reference Topics: [junk fees, costs, loan charges, ]

What does an appraisal consist of?
When appraising a home, the appraiser will usually find 3 comparable properties in the same area, and compare the sales prices of the 3 to come up with a value for your home.
http://www.brokeroutpost.com/reference/59923.htm (Updated: 04/02/2007)
Related Reference Topics: [appraisal]

What's my house worth?
When looking to refinance, many borrowers ask the question, "How much is my home worth?" The most accurate way to determine the value is to get a professional appraisal done on your home. To get a
http://www.brokeroutpost.com/reference/53141.htm (Updated: 09/06/2006)
Related Reference Topics: [appraisal, home value, house value, avm]

Apply for a mortgage
A borrower can apply for a mortgage online, or by speaking with a mortgage professional on the phone, or by stopping in to sit down with a mortgage professional. You will need to complete a 1003 (loa
http://www.brokeroutpost.com/reference/23513.htm (Updated: 09/03/2006)
Related Reference Topics: [apply online, mortgage application]

What are comparable sales?
Comparable sales are similar homes that have sold nearby, and the price that they have sold for. Comparable sales are used by appraisers to help them in giving an estimation of value for a home.
http://www.brokeroutpost.com/reference/30512.htm (Updated: 08/14/2006)
Related Reference Topics: [comp, comparable, comparables, comps]

what is a comp search
A comp search is performed by your mortgage professional or appraiser. It is a search in the nearby areas for properties that match your home.
http://www.brokeroutpost.com/reference/45522.htm (Updated: 08/03/2006)
Related Reference Topics: [comparables]

Appraisal Report
An appraisal is a report that provides an opinion of value of the subject property and supports that opinion with the utilization of 3 approaches: a comparable sales approach, a cost approach, and an
http://www.brokeroutpost.com/reference/23614.htm (Updated: 03/03/2006)
Related Reference Topics: [appraisal, appraiser, licensed appraisal, 1004]

Quick Closing
How can you help speed up the mortgage process? There are many ways to assist with this. Here are a few: Be prepared with all necessary documents that you may need and keep them all in one place for e
http://www.brokeroutpost.com/reference/22629.htm (Updated: 02/14/2006)
Related Reference Topics: [closing]

Appraiser
A qualified individual who uses his or her experience and knowledge to prepare the appraisal estimate.
http://www.brokeroutpost.com/reference/10974.htm (Updated: 01/28/2006)