LBI Real Estate Appraisers
- High Tides Digital Marketing
- Dec 13, 2019
- 2 min read
Appraisers in the Long Beach Island Real Estate Market
Long Beach Island Real Estate
An appraiser is a licensed individual who has undergone certification and training to estimate the real value of a property, usually for a mortgage. An LBI real estate appraiser can be employed in many different roles, but the most common is to be hired by a company to determine the value of a property for the benefit of a bank when someone is buying a home. Additionally, an appraiser may determine the value of a property for an estate, a divorce, or any other scenario where the worth of a property must be objectively and professionally calculated.
LBI Real Estate Appraisers
The process of becoming an appraiser will vary from state to state. In New Jersey, an appraiser must undergo an exam to earn the right to conduct professional appraisals. The appraiser will use a set of data to determine the value of the home through a system learned in school. In short, they will look at active, sold, and pending comparable sales to justify or refute the price being paid for a home.
Mortgages and Buying in the Long Beach Island Real Estate Market
Buyers and sellers should familiarize themselves with the appraisal process as it can play a crucial role in the transaction. Knowing the market is the best way to protect yourself from a low appraisal. So long as you have facts to back up your valuation, the licensed appraiser should do their job in determining the value of the home. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
