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Mortgage Brokers

Members: 175

Posts: 2014

Founded: 02/14/2008

MORTGAGE BROKERS..... The Job REAL ESTATE APPRAISERS are specialists in estimating the value of real property. Real property consists of land, buildings, and natural resources such as water, oil, or minerals. Estimates of value, known as appraisals, are made when property is bought, sold, assessed, taxed, condemned, insured, or mortgaged. They may also be required in divorce actions, when partnerships are dissolved, and when property is listed as a business asset. Appraisers, especially independent fee appraisers, may give expert testimony in court. They may also act as consultants. REAL ESTATE APPRAISERS prepare a written description of the property and make an estimate of its value. They may complete standardized checklists as they evaluate the property and the neighborhood in which it is situated. Appraisers obtain land values from county sources and sales information about nearby properties. They also examine the income records and operating costs of income properties. Appraisers estimate building replacement costs using building valuation manuals and professional cost estimators. They also verify legal descriptions of property with county records, measure the property and compare the measurements with the legal descriptions. They draw land diagrams and note conditions and special features of buildings. Appraisers analyze and evaluate the data and prepare a written report outlining methods by which the fair-market value was estimated. At times it is necessary for a senior appraiser to review these reports. Appraisers generally work alone; however, consultants may be used for more complex appraisals. Computers are an indispensable tool in this complex work.The Buyer’s Lender will make a decision regarding the amount of your loan based on the appraised value of the property. The appraiser not only takes into account the house in question, but similar homes sold in the area, as well as several other factors. The appraised value of the house helps the buyer assessing taxes and estate planning. Due to varying factors that go into an appraisal, there are cases when the appraised value of a house will differ, sometimes greatly, with the asking price. We offer Residential and Commercial Appraiser 24/7 online response. Call 727 642-1934 Dolores R. Hamburg,# RI20193 Registered Appraiser

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Dolores Hamburg

Real Estate Appraiser