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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 
Where is the world's largest bridge located?

A 
Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long.
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The DeLay Team, REALTOR®, real estate agents and broker for Branson, Table Rock Lake and Hollister, Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

The DeLay Team
Realty Executives of Branson

500 West Main, #101A
Branson, MO. 65616
Phone: 417-334-7653
Fax: 417-334-0414
TOLL FREE: 800-531-4480
Email: DelisaDelay@NUMBER1EXPERT.com

We are the top sales team in the Branson residental market. We look forward to helping you find the perfect home or condo in any price range, in the areas of Stone or Taney Co, Missouri. We also specialize in land, lake property, residential, commercial, second home, or investments.

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