Home Appraisal: More than Just the Value of the Home

Tue Feb 20, 2007 5:35:05 pm by Dustin
Filed under Finance, General

Are you a home owner in desire of knowing what your home is valued?  Ya, me neither.  Not that I don’t what to know the value.  I just don’t own a home… Yet.

Well if you are a home owner or are a future owner you might be interested to know what goes into a home appraisal besides the value of the home.  Blueprint for Financial Prosperity has a nice article about what is reviewed in a home appraisal.  A few examples include:

  • Three examples of similar houses (‘comps’)
  • Pros and cons of your home
  • Current real estate market data for your area

Hope this helps.