What should you look for in an appraisal report?

A professional, accurate, unbiased appraisal helps the seller get a fair price for his property and the buyer a fair value for his money. A good appraisal is important to help ensure the offer is competitive while it is also able to fetch a reasonable price. A good appraisal also helps in closing a quick sale at an appropriate price. Staying in the market for too long may reduce the chances of a property being sold at a good price, or worse, it may not be sold at all.

Liberty One AMC, LLC, Newtown, PA is an appraisal management company owned and operated by full-time real estate appraisers and the company has its presence in all 50 states. The company has a team of skilled, professional appraisers who are fully accredited, and have a reputation of delivering quality reports within scheduled time. Steered by Matt Moore, President, the company is known for delivering high-quality, accurate reports thus ensuring fair value to all concerned. The following are the essential points that a home appraisal should include:

·         The report should include all details about the home - both factors that would help push up the price of the house and those that may cause to lower its value. This would also give the seller a chance to address any such issues that are amenable or restorable before putting the property up in the market.

·         The report should contain a comparison of similar properties with similar features in the same neighborhood or locality.

·         The report should have a description of the neighborhood and all its features that could affect the price of the property.

·         The report should study the real estate market of the region.

·         A thorough report will also give an estimated period within which a sale should happen.

Having said all of the above, it is advisable to get the appraisal of a property done just before it is put up for sale. This would ensure that all of the details mentioned above are relevant to the time of sale of the property. If the appraisal had been done much before the time of sale, it is possible that the actual value of the property may have increased or decreased from what it was at the time of appraisal.

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Matt Moore Appraiser, Newtown amc / matt moore, Matt Moore AMC, Maverick amc / matt moore, Nationwide amc / matt moore,