When selling or refinancing a home, a professional home appraisal is required. The unbiased opinion of your properties value gives potential buyers and lenders a clear picture of it's worth. The process has three major steps:
Real Estate Inspection: The appraiser closely examines the interior and exterior of your home, taking photos and noting its overall condition.
Comparables: The appraiser researches recently sold homes in your neighborhood. This helps the appraiser calculate the home’s worth based on current housing market values.
Final Report: The appraiser prepares a complete property and market analysis, which typically includes:
- Your home’s size and condition
- A record of any serious structural issues
- Notes about recent home renovations and the surrounding area
- Photographs, sketches and maps of your property
At bradfordmillerlaw.com you will find information about our firm along with helpful real estate information. Give us a call at 312-238-9298 for a FREE 15-minute consultation to discuss your pending or potential real estate transaction.
Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
Offering free legal representation to homeowners seeking a short sale
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