Florida Homes Mortgage
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Getting the Best Price! Understanding Home Appraisals

Help the appraiser — and yourself. Learn how to maximize your home's value and get the price you deserve.

🏡 Help the Appraiser — and Yourself

Provide your appraiser with any information or records that may help determine the proper market value for your home. Some examples include a property survey, mortgage, recent sales and listings in the area, the title policy, items remaining with the house and a "brag" sheet about the house. You should also provide the comparable listings and sales data from the CMA so it can be considered in the appraisal.

Get a Free CMA →

📋 Factors Affecting Appraiser Valuation of Your Home

Local taxes
Plat survey: lot size, topography, easements
Deed and covenants
Improvements to kitchen and bathrooms
Homeowner warranties
Condition of neighborhood houses
Zoning and plans for vacant land
Age of neighborhood
Access to work, schools, shopping
Adequacy and cost of utilities
Adverse influences (highways, power lines)
Present and proposed assessments

🔍 How Appraisers Estimate Value

Supply and Demand

How many homes are for sale? How quickly are they selling? The number of buyers and homes on the market affects property values.

Economic Conditions

Single-industry economies, strikes, plant closings can negatively impact values. New plant openings and incoming corporations can have an uplifting effect.

Financing Conditions

Interest rates and availability of mortgage financing substantially impact housing prices. A high-balance assumable mortgage can enhance value.

Political Factors

School bonds, zoning changes, property reassessment, and taxes all impact housing prices.

View from the Outside

Does your home have "curb appeal"? Is the street paved? Does it have a sidewalk? Public water and sewage or well and septic? These all matter to appraisers.

Get tips to boost curb appeal →

Inside Your Home

Does the overall condition reflect pride of ownership? Floor plan, closet space, kitchen updates, quality of construction — all closely observed.

Get home staging advice →

🏘️ Comparison with Similar Homes

An appraisal isn't complete unless your property is compared with similar homes — both current listings and recent sales. Appraisers select at least three comparable properties for comparison, ideally in the general neighborhood, similar in size, style, and construction, sold within the last 3-4 months.

See Your Home's Comparable Sales →

💡 Satisfaction with an Established Value

There are always circumstances where people believe their homes are worth more than established values. Remember:

  • A seller won't necessarily recover their entire investment when selling
  • Improvements usually don't increase value by as much as their cost
  • Appraisers have access to reliable information the average homeowner doesn't
  • Rising construction costs may be offset by depreciation
Get a Professional CMA →
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