Question Details

Jonesbrendan, Other/Just Looking in Miami County, IN

I am refinancing my home. What do the appraisers look for when coming to your home?

Asked by Jonesbrendan, Miami County, IN Sat Mar 31, 2012

Help the community by answering this question:


Honestly, everything
Size of home, condition of home, upgrades inside and outside
age of furnace, a/c, other appliances etc. etc. and then they will
compare your property to other similar properties that have re-
cently sold in your area...... to come up with a market value for
the Bank......

Just the same as if you would be selling your home.
Good Luck to you!
Edith YourRealtor4Life! and your Chicago and Northern Illinois / North Shore Expert
Working always in the very BEST interest of her clients - local and worldwide
0 votes Thank Flag Link Sat Mar 31, 2012
Appraisers look for condition, deferred maintanence, quality, Finished basements make homes sell faster but they only lend 5000 +- on an average. Walk outs get s a little better appraisal. Appraisals are done using lot size square foot, bedrooms, baths, location as primary factors.
0 votes Thank Flag Link Sat Mar 31, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer