The calculation and definition of gross living area (GLA) are significant parts of an appraisal.
Due to the many federal regulations and other rules governing who can communicate with appraisers and in what manner, some real estate agents may be hesitant to get in contact with valuation professionals.
Some homeowners order a home appraisal prior to putting their houses on the market to determine the best listing price, but is this strategy necessary?
In certain cases, homeowners or lenders request a drive-by appraisal.
Both appraisers and real estate agents pull data on comparable home sales, but they don't necessarily have the same viewpoint when looking at this information.
Although appraisal and home inspection professionals are both key players in a home sale and other real estate transactions, they serve very different purposes.
Understanding homebuying trends among millennials could help appraisers provide a more accurate opinion of value.
Summer is not necessarily the best time to start a renovation project.
Homeowners, homebuyers and appraisers know a new home naturally garners more value than an existing one, but a study from the Brookings Institution examines what the word "new" actually means for home prices.