{"id":211588,"date":"2024-01-26T02:33:00","date_gmt":"2024-01-26T02:33:00","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/"},"modified":"2024-01-26T02:33:00","modified_gmt":"2024-01-26T02:33:00","slug":"how-is-an-appraisal-on-a-house-done","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/","title":{"rendered":"How is an appraisal on a house done?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#How_is_an_appraisal_on_a_house_done\" title=\"How is an appraisal on a house done?\">How is an appraisal on a house done?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#What_factors_are_considered_during_a_home_appraisal\" title=\"What factors are considered during a home appraisal?\">What factors are considered during a home appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#Do_appraisers_physically_view_the_property\" title=\"Do appraisers physically view the property?\">Do appraisers physically view the property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#How_long_does_a_home_appraisal_take\" title=\"How long does a home appraisal take?\">How long does a home appraisal take?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#Who_pays_for_the_home_appraisal\" title=\"Who pays for the home appraisal?\">Who pays for the home appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#What_can_impact_the_outcome_of_a_home_appraisal\" title=\"What can impact the outcome of a home appraisal?\">What can impact the outcome of a home appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#Can_a_homeowner_be_present_during_the_home_appraisal\" title=\"Can a homeowner be present during the home appraisal?\">Can a homeowner be present during the home appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#What_if_the_appraisal_comes_in_lower_than_the_agreed-upon_price\" title=\"What if the appraisal comes in lower than the agreed-upon price?\">What if the appraisal comes in lower than the agreed-upon price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#Can_homeowners_influence_the_outcome_of_a_home_appraisal\" title=\"Can homeowners influence the outcome of a home appraisal?\">Can homeowners influence the outcome of a home appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#How_often_should_a_home_be_appraised\" title=\"How often should a home be appraised?\">How often should a home be appraised?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#What_happens_if_a_home_appraisal_is_higher_than_expected\" title=\"What happens if a home appraisal is higher than expected?\">What happens if a home appraisal is higher than expected?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#Are_online_home_value_estimators_the_same_as_a_professional_appraisal\" title=\"Are online home value estimators the same as a professional appraisal?\">Are online home value estimators the same as a professional appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#Can_an_appraisal_be_contested\" title=\"Can an appraisal be contested?\">Can an appraisal be contested?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_is_an_appraisal_on_a_house_done\"><\/span>How is an appraisal on a house done?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An appraisal on a house is an essential step in the home buying or selling process. It is an unbiased estimate of the fair market value of a property conducted by a licensed appraiser. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_factors_are_considered_during_a_home_appraisal\"><\/span>What factors are considered during a home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nDuring a home appraisal, the appraiser considers various factors such as the property&#8217;s size, condition, location, age, features, recent sales of similar properties in the area, and market trends.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_appraisers_physically_view_the_property\"><\/span>Do appraisers physically view the property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, appraisers must physically view the property to assess its condition, size, amenities, and other relevant factors that influence its value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_long_does_a_home_appraisal_take\"><\/span>How long does a home appraisal take?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA typical home appraisal can take anywhere from a few hours to a few days, depending on the property&#8217;s size, complexity, and the appraiser&#8217;s workload.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_pays_for_the_home_appraisal\"><\/span>Who pays for the home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of the home appraisal is usually paid by the buyer as part of the closing costs, although the seller may also choose to pay for the appraisal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_can_impact_the_outcome_of_a_home_appraisal\"><\/span>What can impact the outcome of a home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSeveral factors can impact the outcome of a home appraisal, including the property&#8217;s condition, recent renovations or upgrades, comparable sales in the area, and market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_a_homeowner_be_present_during_the_home_appraisal\"><\/span>Can a homeowner be present during the home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile it&#8217;s not required, homeowners can be present during the home appraisal to provide relevant information about the property and answer any questions the appraiser may have.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_if_the_appraisal_comes_in_lower_than_the_agreed-upon_price\"><\/span>What if the appraisal comes in lower than the agreed-upon price?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the appraisal comes in lower than the agreed-upon price, the buyer may need to come up with the extra cash to cover the difference, renegotiate the price with the seller, or walk away from the deal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_homeowners_influence_the_outcome_of_a_home_appraisal\"><\/span>Can homeowners influence the outcome of a home appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nHomeowners cannot directly influence the outcome of a home appraisal, as it is based on objective criteria and market data. However, presenting the property in its best possible light can help maximize its appraised value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_often_should_a_home_be_appraised\"><\/span>How often should a home be appraised?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nA home should typically be appraised when it is being bought or sold, refinanced, or when there are significant changes to the property that could affect its value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_a_home_appraisal_is_higher_than_expected\"><\/span>What happens if a home appraisal is higher than expected?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf a home appraisal comes in higher than expected, it can benefit both the buyer and seller. The buyer may secure better financing terms, while the seller may be able to sell the property for a higher price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_online_home_value_estimators_the_same_as_a_professional_appraisal\"><\/span>Are online home value estimators the same as a professional appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nOnline home value estimators can provide a rough estimate of a property&#8217;s value based on algorithms and public data but are not a substitute for a professional appraisal conducted by a licensed appraiser.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_an_appraisal_be_contested\"><\/span>Can an appraisal be contested?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile homeowners can provide additional information or evidence to challenge a low appraisal, contesting the appraisal is often a complicated and lengthy process that may not always result in a higher valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How is an appraisal on a house done? An appraisal on a house is an essential step in the home buying or selling process. It is an unbiased estimate of the fair market value of a property conducted by a licensed appraiser. What factors are considered during a home appraisal? During a home appraisal, the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How is an appraisal on a house done?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-is-an-appraisal-on-a-house-done\/#more-211588\">Read more<span class=\"screen-reader-text\">How is an appraisal on a house done?<\/span><\/a><\/p>\n","protected":false},"author":53,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-211588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is an appraisal on a house done?<\/title>\n<meta name=\"description\" content=\"How is an appraisal on a house done? 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