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For Realtors: Falmouth, Mashpee and Bourne Massachusetts home buying, real estate listings, and homes for sale in Barnstable County, MA

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About Appraisals >Lender Appraisal

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.

To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.

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Q	What is the most common name for a city in the United States?
A	Fairview is the most common city name, according to the 1996 Top Ten of Everything Book.
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Nancy Clayton, REALTOR®, real estate agents and broker for Falmouth, Mashpee and Bourne Massachusetts home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Clayton, CRS, ABR, CBR, SRES, e-PRO, RECS
RE/MAX Classic
205 Worcester Court
Falmouth, MA, 02540
508-548-6667
877-80 REMAX
Fax: 508-540-6832
nancyclayton@NUMBER1EXPERT.com
Whether looking for retirement or leisure properties in the Cape Cod area, Nancy Clayton is your neighborhood expert. Nancy offers you over 20 years of experience and enthusiasm in real estate. She is dedicated and educated to represent you in all of your real estate needs. Representing you and not houses is her specialty.

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