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And the WORD for Today is:
Appraisal Report – is the written document, prepared by the appraiser, which shows the documentation for the value, which the appraiser has assigned to the property. The report should include information about the neighborhood of the subject property, recent sales as well as data on homes currently on the market. All properties selected should be within fairly close proximity to the subject and be similar in age and design. Price adjustments should have been made for any major differences in each comp as compared to the subject.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
Appraisal Report – is the written document, prepared by the appraiser, which shows the documentation for the value, which the appraiser has assigned to the property. The report should include information about the neighborhood of the subject property, recent sales as well as data on homes currently on the market. All properties selected should be within fairly close proximity to the subject and be similar in age and design. Price adjustments should have been made for any major differences in each comp as compared to the subject.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
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