Sitemap: Home Buying in Simi Valley, Oxnard and West Hills, California

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For Home Buyers:

Why Buyers Choose John R. Thompson - Why homebuyers looking for a real estate agent in the Simi Valley, Oxnard and West Hills area choose John R. Thompson.
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School Reports in Simi Valley, Oxnard and West Hills, California

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About Appraisals >Professional Appraisals

Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.

A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.

The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.

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Q	What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
A	Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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John R. Thompson, REALTOR®, real estate agent and broker for Simi Valley, Oxnard and West Hills, California home listings, property and land for sale - NUMBER1EXPERT(tm)

John R. Thompson
Realty World Preferred
5197 East Los Angeles Ave.
Simi Valley, CA. 93063
Phone: 805-520-4200
Fax: 805-584-9991
Email: johnrthompson@NUMBER1EXPERT.com

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