Real Estate Appraiser At Lake Tahoe

Dan Brauning Real Estate AppraiserIf you are buying a home in the Lake Tahoe area, it may be in your best interest to have a real estate home appraisal performed before signing the purchase contract. This is considered a smart move and also doing your due diligence, whether you are using a lender or paying cash. If you are planning to finance the purchase, your Lender will and should provide an appraiser of their choice to perform and complete a real estate appraisal on their behalf. And while the above scenarios include the cost of having two appraisals completed, the cost of having an appraisal is minimal compared to the value of your investment.

 

Most Lake Tahoe area real estate buyers will be required to get an appraisal if they are financing through a Lender, but there are some exceptions depending on the Lenders’s underwriting requirements. If you are purchasing the property for cash, you can decide not to get an appraisal but again, getting an appraisal is a smart decision and doing your due diligence. If you choose to get an appraisal, Dan Brauning, a Nevada and California state-certified real estate appraiser will provide you with a complete, thorough, and certified real estate appraisal.

 

Lake Tahoe Real Estate Appraisals

A good and detailed real estate appraisal will also be able to tell you how much your home’s current estimated market value worth is under current market conditions. If deemed necessary, an appraiser can use 3 different valuation approaches to determine the value of a home. These approaches to value include the Sales Comparison Approach, the Income Approach, and the Cost Approach. An experienced, licensed, insured, and certified real estate appraiser will be able to give you the most accurate estimated market value.

 

 

 

Selling Your Lake Tahoe Real Estate Property

Lake Tahoe Real Estate AppraisalsWhile there are numerous online services that will provide you with an estimate of your home’s property value, these are just “best guess” estimates using only “numbers data” from various online resources. Nothing can replace the “boots on the ground” visual observations of a state-certified real estate appraiser with experience.

Online valuation services have never been inside of a home and they don’t measure a home for the actual square footage of a home. Plus, they don’t know if the house has any updates, upgrades, renovations, and/or remodeling. In addition, they also don’t know if the home has any defects and/or deferred maintenance that will affect the overall marketability and value of a home. Then there’s the isolated features and amenities that the market may be willing to pay more for that these online valuation services have no clue about.

If you are planning on selling your real estate property, it is best to get a “pre-listing” appraisal and employ the services of a state-certified real estate appraiser like Dan Brauning who knows and understands the local market areas, has many years of experience, and will consult with you to give you the best options when putting your home on the market.

A Lake Tahoe Real Estate Appraisal Can Be The Most Important Part Of A Real Estate Transaction Or Life’s Biggest Decisions!

Lake Tahoe Real Estate AppraisalsFrom buying or selling to settling an estate to getting a divorce or being a real estate investor, knowing what your real property is worth on the open market is crucial. When one of life’s biggest decisions are right in front of you and the only way to get past them is to make a decision, you will want an expert in the field of establishing a certified real estate appraisal. An appraiser’s real estate appraisal report is critical to making informed decisions that will affect your financial situation. An appraisal will not only determine the value of your property but can also provide you with other market data that you may find useful.

And while the appraisal process may seem simple on the surface, there is a lot of detailed work and research involved. From the on-site inspection to the extensive research, the appraiser will collect, analyze, reconcile and form a professional opinion of value. Once the appraisal is completed, it is then delivered to the Client. Keep in mind that due to a “confidentiality rule“, the real estate appraiser is only allowed to discuss the appraisal with the Client and no one else.

How Much Does A Lake Tahoe Real Estate Appraisal Cost?

Lake Tahoe Real Estate AppraisalsTypically, in a financing scenario, buyers will pay for the appraisal. The cost of a real estate appraisal can and does vary depending on certain variables which include the complexity of the assignment. You may see various online articles from various authors, most if not all, of which are not appraisers or have appraisal experience. They may share what they paid for an appraisal but that does not constitute the actual price a real estate appraiser charges for his/her services.

Appraising an older model single wide mobile home on a 0.25-acre lot versus a 5-year-old 7,000 sq. ft. home on 10 acres does not cost the same. Fee’s will also vary from state to state.  It is best to contact your local appraiser to check on the actual cost of a real estate appraisal.

For any questions you may have, please contact Dan Brauning