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These properties presented by Lanie Roberts of Real Estate Resource Group, LLC
Whether buying or selling a home I will work to make your transaction a smooth successful endeavor. Email: lanieroberts@BestImageAgent.com Phone: 985-801-4513
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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.
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
A
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean.
Lanie Roberts Real Estate Resource Group LLC 90 Louis Prima Dr. Covington, LA 70433 Cell: 985-502-7070 Office: 985-801-4513 Fax: 504-617-6653 lanieroberts@BestImageAgent.com
www.LanieRoberts.com
is brought to you by Lanie Roberts
Real estate agent(s) for Mandeville, Covington, Madisonville and Abita Springs, Louisiana
