Real Estate in Oregon

Home Appraisals: What are they looking for?

AppraisalWho does the home appraisal?
Licensed Appraiser who has no vested interested in the value of the home. The lender hires a company to send an appraiser so that no one stands to gain from a positive or negative appraisal.
What factors into a home appraisal? The appraisal will last approximately 20-45 minutes as the appraiser examines the quality, condition, size, etc., of your home.

What are home appraisers really looking for?
Comparables in the area including active listings, pending homes and past sales in the recent past. Also, what your home consists of inside and out.

You don’t have a lot of control during the appraisal process, but some things you can do to make the appraisal process go a little more in your favor (as the seller) is to make sure that the appraiser has an easy time appraising your home. This means to put everything in your home in the best light possible. Squeaky doors? Fix ’em. Fill and patch any holes or cracks and repaint. Even easier? Tidy up, a messy/cluttered space can reflect negatively in an appraisal. Dogs? You may want to take the dogs/pets to friends or put your dogs in a crate so that the appraiser doesn’t have to pay more attention to your animals than the house.

Don’t forget the outside of the house. You can make sure your yard is cleaned up and everything is stored well with no unnecessary clutter. This will be the first impression for the appraiser and any potential buyers so it’s worth the time and effort.

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