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About Appraisals >Professional Appraisals

Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.

A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.

The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.

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Q	What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?
A	Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.
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Maggie's Team, REALTOR®, real estate agent and broker for Sarasota, North Port, Port Charlotte, Punta Gorda and Charlotte County, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Maggie's Team
RE/MAX Anchor Realty
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Maggie's Team Specializing in, Sarasota Luxury homes,Florida Luxury Homes,Englewood Homes,REMAX Homes,REMAX foreclosures,Punta Gorda Homes, Punta Gorda real estate, Punta Gorda Homes for Sale, Punta Gorda Foreclosures, Punta Gorda Realtors, Punta Gorda Luxury Homes,Punta Gorda Waterfront Homes,Port Charlotte Homes, Port Charlotte Homes for sale, Port Charlotte Real Estate, Port Charlotte Real Estate For sale, Port Charlotte Foreclosures, Buy Punta Gorda Homes,Buy Port Charlotte Homes now, Nort Port Homes for sale, North Port Homes, North Port Real Estate, North Port Realtors,Venice homes, Venice Real Real Estate, Englewood Homes, Venice Real Estate, Nokomis Real Estate For sale,RE/MAX Realtors, RE/MAX International Listings, FREE MLS Search,Naples Bay colony beach Front condos,Pelican Bay Naples FL Beach Front Condos for sale,Member of National Association of REALTORS RE/MAX Executive Club 2008,2009,2010 Multi-Million Dollar Producer 2008,2009,2010 2008 President's Club - Bronze Award 2009 President's Club - Silver Award Member of: I.R.E.S International Real Estate C.D.P.E. R.E.O. Certified F.S.P. Designation Sales Experience for over 15 Years. RE/MAX Anchor Realty is #1 Awarded by RE/MAX International #1 Broker Owner of the Year for North America#1 RE/MAX Office in Florida Only one real estate company can be #1. Thank you for getting us there. Member: National Association of Realtors, Florida Realtors, Punta Gorda-Port Charlotte-North Port Association of Realtors and the Mid-Florida Regional MLS

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