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  • What Did That Home Sell For? - What did that Waynesboro, Staunton, Fishersville, Stuarts Draft and Augusta County, Virginia property or other real estate sell for?

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Real Estate Tips

About Appraisals >Lender Appraisal

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.

To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.

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Real Estate Trivia

Q 
What is the world's longest frontier?

A 
At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world.
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Susan Gibson, REALTOR®, real estate agent and broker for Waynesboro, Staunton, Fishersville, Stuarts Draft and Augusta County, Virginia home listings, property and land for sale - NUMBER1EXPERT

Susan Gibson
Valley Real Estate Brokers, LLC

28 Imperial Drive
Staunton, VA 24401
Susan 's cell: 540-487-1000
Fax: 540-213-8701
Susan's Office: 540-487-1000
Info@BuyValleyHomes.com

Licensed To Sell Real Estate In The Commonwealth Of Virginia

Equal Housing GRI MLS REALTOR


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