Main Contact: Drew C. LaBarbera, RMLO
NMLS: 260569
2104 Green Hill Drive
McKinney, TX 75070
Phone: 903-814-2344 Fax: 214-237-4070
Español: 214-683-5023 Email: drew@planwealth.net

Main Contact: Drew C. LaBarbera, RMLO
NMLS: 260569
2104 Green Hill Drive
McKinney, TX 75070
Phone: 903-814-2344 Fax: 214-237-4070
Español: 214-683-5023 Email: drew@planwealth.net


Wednesday, December 13, 2017
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Home Appraisals

Appraisal Basics
An appraisal of real estate is the valuation of the rights of ownership. The appraiser must define the rights he intends to appraise.

Appraisal Methods
An appraisal is an opinion of value or the act or process of estimating value. This opinion or estimate is derived by using three common approaches, all derived from the market.

Appraisal Needed to Obtain a Loan
Usually, individuals applying for a loan are only interested in obtaining the loan and unfortunately are not worried about the prudence of buying the property at the agreed price.

Determine a Home's Market Value with Appraisal
In the real world, very few individuals order appraisal reports to establish an offering price or to substantiate a purchase price.

Helping the Appraiser
Once you have selected an appraiser, be prepared to answer questions and provide requested information.

Other Reasons to Order an Appraisal
There are many reasons to obtain an appraisal. The most common reason is for a real estate or mortgage transaction, but we have compiled a list of other reasons to order an appraisal.

Drew LaBarbera, RMLO DBA Planwealth Financial Services
NMLS: 260569 | Company NMLS: 353562

Drew LaBarbera, RMLO DBA Planwealth Financial Services
NMLS: 260569 | Company NMLS: 353562