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Buying A Property Abroad? – Considerations
Many people now days are buying a second home abroad, say Dubai as either a holiday location or because they have decided to relocate to that area due to work commitments or because they are retiring and would like to enjoy a bit more sun.
When...
Decorating Your Home: 5 Style Tips that Cost Less than $50
Do you dream of adding style to your home but don’t have a lot of money? Don’t despair! There are 5 things you can do that will help your house look beautiful without spending much money.
1. Declutter your home.
Nothing zaps a great look like...
Final Walk-Through – The Value Of Your Contract
A walk-through is an important step in a real estate transaction. To get the most out of it, make sure you understand the terms of the purchase contract.
Check Things the Contract Specifies
When you signed the contact to purchase your new...
Investment Property: Part 1
1. Investment Property
What exactly is an investment property? Since this is real estate investments 101, we will explain. An investment property is a piece of real estate you invest in with the objective of earning a return. Primary residences...
Spring Into Action: Home Maintenance
Spring has sprung! Even more important than buds, birds, and bees, spring brings buyers! When buyers are looking for a place to nest, they would really rather not see problems. As it turns out, nearly every home inspected has problems or...
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How To Find A Property Appraiser
When it comes to finding a real estate appraiser, many homeowners don't know what to look for. This article describes 5 things to look for in a property appraiser.
1. Always make sure a property appraiser is licensed or certified by the state to perform real estate appraisals. While state licensing and/or certification isn’t always an indication of quality, it ensures that an individual is has met certain standards and been authorized to perform property appraisals. Some states do not require licensing to perform real estate appraisals. It is unwise to use the services of any professional who is not licensed or certified.
2. Don’t be afraid to ask an appraiser for a copy of their license. A good appraiser will readily provide this documentation. Copies of licenses are commonly requested by mortgage brokers and loan officers. Once you get a copy of their license, it’s a good idea to check with the government agency which issued the document to ensure the license is active and in good standing.
3. Many excellent real estate appraisers carry a professional designation. The most widely known industry designations are SRPA, SRA and MAI. These designations are issued by the Appraisal Institute. These designations demonstrate an appraiser's commitment to continuing education and ethical standards. Oftentimes, the standards
required to obtain these designations exceed those set forth by state licensing/certified requirements.
4. Ask the real estate appraiser what percentage of their work is performed in the neighborhood in which the property is located. Appraisers who do a lot of their work or live in a particular area often have a deep knowledge of property values in that area. Additionally, they are more likely to know how “neighborhood variables” such as school districts and fire departments affect the property values in the area.
5. Lastly, find out if the property appraiser has experience performing appraisals for consumers as opposed to real estate professionals. Mortgage brokers and loan officers have distinctly different needs than homeowners. An appraiser who understands the needs of homeowners is more likely to help you learn about the appraisal process and answer questions you may have along the way.
About the Author: Sergei Kudrin is the owner of http://how-to-do.com, an informational website containing various types of howtos. The site has many informative articles and the latest guides.
Source: www.isnare.com
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