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Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Rosemarie, a proven Outer Banks, Nags Head and Corolla, North Carolina NUMBER1EXPERT™ Top Selling real estate agent. Find Outer Banks, Nags Head and Corolla Homes - Find Outer Banks, Nags Head and Corolla, North Carolina real estate listings & homes for sale provided by Rosemarie, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Rosemarie, a proven Outer Banks, Nags Head and Corolla, North Carolina NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Rosemarie, a proven Outer Banks, Nags Head and Corolla, North Carolina NUMBER1EXPERT™ Top Selling real estate agent. Outer Banks, Nags Head and Corolla Information - Find local information on Outer Banks, Nags Head and Corolla, North Carolina including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Rosemarie, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Rosemarie, a proven Outer Banks, Nags Head and Corolla, North Carolina NUMBER1EXPERT™ Top Selling real estate agent. About Rosemarie - Information about Rosemarie including testimonials, guarantees, credentials, and contact information. Learn why Rosemarie is a proven Outer Banks, Nags Head and Corolla, North Carolina NUMBER1EXPERT™ Top Selling real estate agent.
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About Appraisals >Professional Appraisals
Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.
A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.
The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.
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What three things are necessary in order to purchase a home?
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Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible. |
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