What You Need to Know About the Real Estate Appraisal Process in Napa County, CAAugust 19, 2019 7:31 pm Leave your thoughts
Whether you’re buying or selling a home, you probably know that there’s a lot more to the process than simply signing on the dotted line. There are a lot of different things that have to happen before a home is sold, financed and move-in ready. One of the most important aspects of the home-selling process is real estate appraisal. Real estate appraisals in Napa County, CA are important for the buyer, the seller and the institution that’s providing financing for the home. It’s important to understand more about the process of getting a real estate appraisal so that you know what to expect and can prepare yourself accordingly.
How long do they take, and how much do they cost?
An appraisal is necessary prior to the sale of a home. The appraisal will typically take place after a buyer has made an offer and the seller has accepted it. The buyer and seller will typically negotiate repairs, credits and price, and then an appraiser will assess the fair market value of the home on behalf of the lender. This fair market value gives a lender the information it needs to provide a loan that offers the best possible insulation from risk.
In other cases, a seller might get a pre-listing appraisal. This often makes it easier for sellers to secure a fair price for their home, even if there are rapid fluctuations in the market or unique conditions that apply to a given home.
Property appraisals typically cost several hundred dollars, and the cost of the appraisal is the responsibility of the property owner. However, the property owner does not choose the appraiser. Rather, the lender designates the appraiser and sets the fee for the property owner to pay. The total cost of the appraisal may change depending on the size of the property, its configuration and any additional factors that add to its complexity.
The purpose of an appraisal is to achieve an assessment of a property’s fair market value that is impartial and unbiased. Appraisers help protect buyers from overpaying for a home, and they also protect a lender from over-financing a home loan, which can result in a higher risk for the lender.
For the best-possible outcome from your appraisal, it’s important to take steps to prepare your property. Make sure your home is clean and uncluttered and take time to maintain your home’s exterior and your landscaping. If there are any small repairs that you have been putting off, get them taken care of before an appraiser comes to assess your site. After an appraiser comes to your home, you can expect to get the results back within a few business days.
Schedule real estate appraisals in Napa County, CA
For over a decade, the team at County Appraisals Inc. has been dedicated to providing our customers with high quality real estate appraisals in Napa County, CA. We provide appraisals for a variety of different property sizes and types so that you can feel confident in the quality of the appraisal that you receive from our team. With extensive training and experience, our team is dedicated to delivering the highest quality services possible to our clients. Call us today to learn more or schedule your appraisal!
Categorised in: Real Estate Appraisals
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