Is It Worth Getting My Home Appraised?
Manage episode 521552906 series 3703837
๐ก Should You Get Your Home Appraised? The Ultimate Guide! ๐ฏ
Welcome back, property enthusiasts! Today we're diving into a question every homeowner faces: Is a professional appraisal actually worth it? ๐ญ
When It's ESSENTIAL: โญ Getting your home appraised isn't optional in these situations: ๐ธ Mortgage approval or refinancing (banks demand it!) ๐ธ Post-renovation updatesโprove that new value! ๐จ ๐ธ Fighting overinflated property tax assessments ๐ ๐ธ Eliminating PMI once you hit 20% equity ๐ช ๐ธ Divorce, estate planning, or legal disputes โ๏ธ
What It'll Cost You: ๐ฐ Expect to pay $400-$800 for most homes. Larger properties or remote locations? Even more! Plus, if you're refinancing, your personal appraisal won't countโlenders order their own. Double payment alert! ๐จ
Money-Saving Alternatives: ๐ Before dropping hundreds, try these: โ Request a FREE CMA from a local real estate agent (seriously, it's free!) โ Check online valuation tools for instant ballpark figures โ Compare recent sales in your neighborhood yourself
Final Verdict: ๐ Get an appraisal when it's mandatory or you need legal documentation. Just exploring your options? Those free alternatives are your best friend! Smart homeowners know when to spend and when to save. ๐ก
๐ Questions? Give us a call: (937) 637-2747
๐ Full details here: https://eaglehomeappraisalohio.com/is-it-worth-getting-my-home-appraised/
#RealEstateEducation #HomeAppraisal #PropertyValue #HomeownersGuide #SmartInvesting ๐ง๐
3 episodes