An appraisal is a normal step in the course of a property purchase – for homes and land. In this video blog, GreenStone’s VP & chief appraiser, Joe Hickey, provides a glimpse into the seemingly obscure appraisal process used to provide you that final dollar value!
He helps answer:
- What is the process used to determine a proper appraised value?
- Are there options when the appraised value is lower than the purchase price?
- How does the appraisal process differ when it is for home construction?
- What resources can a consumer use to do their own research?
From visiting the property to researching equitable comparison properties, listen in as Joe explains some of the basics of his appraisal process: