Homestead Financial Mortgage

Appraisal

A Uniform Residential Appraisal Report(URAR) establishes your property’s market value, which is what is normally used for the transaction. What is on an Appraisal?

  • Property details, along with side-by-side comparisons of three similar properties which have sold recently in the area of your property
  • An assessment of the real estate market in the area.
  • Photographs of the subject property and comparable sales.
  • An estimate of the average sales time for the property.
  • What type of area the home is in (a development, stand alone acreage, etc.).
  • An opinion of value.
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