The Appraisal Process Cary NC

Lenders use your appraisal to determine your loan amount.

Local Companies

Cynthia Quarantello Keller Williams Realty
919-830-9051
115 Crescent Commons Drive
Cary, NC
RE/MAX United
919-422-4841
51 Kilmayne Drive
Cary, NC
ChuckandCindy.com Real Estate
919-469-6505
51 Kilmayne Drive
Apex, NC
Heather O' Real Estate, Inc
(919) 387-0408
104-B N. Salem St.
Apex, NC
Real Living Partners Triangle
919-387-4100
104B N. Salem Street
Apex, NC
Coldwell Banker Advantage
919-795-0541
6020 Creedmoor Road
Raleigh, NC
Chris Dixon Realtor Coldwell Banker Howard Perry & Walston
919-696-0356
5000 Falls of Neuse Rd.
Raleigh, NC
Fonville Morisey
919-426-6117
5925 Falls of Neuse
Raleigh, NC
The Real Estate People
919-782-7827
302 Northwood Drive
Raleigh, NC
Daymark Realty
919-882-6932
5000 Falls Of Neuse Rd.,
Raleigh, NC

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An appraisal is a written estimate of a property’s market value completed by an appraiser. The value is based upon a market analysis of the prices of recent sales of similar properties in the area and the property’s physical condition. Usually, this requires an interior and exterior property inspection.

 

Why is an Appraisal Necessary?

Lenders use your appraisal to determine your loan amount. Your appraisal will be completed shortly after you request your mortgage.

 

Appraisals and Sales Prices

  • If the appraised value is higher than the sales price, there is no impact to you.
  • When the property appraises for a lower value than the sales price, the lower appraised value is used to determine your loan amount. To complete the sale, you may have to increase the down payment to make up the difference between the appraised value and the purchase price.

Published on January 11, 2007

Read full article at realestate.com

Featured Local Company

Cynthia Quarantello Keller Williams Realty

Real Estate in Raleigh, Cary, Apex, Holly Springs, Fuquay Varina, RTP, North Carolina, NC

919-830-9051
115 Crescent Commons Drive
Cary, NC
www.nc-move.com

I take a different approach to real estate, one that is built on personal touches, hard work, creative marketing and win-win deals that get positive results.

I will utilize my 20 + years experience in the residential and commercial relocation industry, add my marketing, advertising skills & education and apply the latest marketing technologies and business strategies to exceed your home buying or selling expectations.

More importantly, I work hard and I listen and that means I will find solutions that are tailored to you and your needs.

If you are buying or selling real estate in Raleigh, Cary, Apex, Holly Springs, Fuquay Varina, RTP, Research Triangle, Raleigh Durham area, North Carolina, NC please contact me, and let me show you how homes & properties are successfully sold in today's real estate market.

I appreciate the opportunity to earn your business

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A real estate appraisal is simply an estimate of the value of a property. Real Estate Appraisals are estimated from recent sales of similar properties near the subject property. Real Estate Appraisals are used by lending institutions to determine how much money to lend, and are also used when someone wants to buy or sell a property to make sure the price is correct. This site will provide in depth information about real estate appraisals.
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- Real Estate Appraisal Cary NC
A real estate appraisal is simply an estimate of the value of a property. Real Estate Appraisals are estimated from recent sales of similar properties near the subject property. Real Estate Appraisals are used by lending institutions to determine how much money to lend, and are also used when someone wants to buy or sell a property to make sure the price is correct. This site will provide in depth information about real estate appraisals.
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