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What is a Home Appraisal

Hola, and welcome to the Garza Home Team’s blog! I’m Rosa Thelma Garza, and I’m here to share some insights about one of the most important aspects of the home buying and selling process: home appraisals.

If you’re in the process of buying or selling a home, you may have heard the term “home appraisal” thrown around. But what exactly is a home appraisal, and why is it so important? Let’s dive in!

A home appraisal is an unbiased estimate of the value of a property, conducted by a licensed and certified appraiser. This estimate is based on a variety of factors, including the property’s location, size, condition, and comparable properties in the area that have recently sold.

Home appraisals are typically required by lenders before they will approve a mortgage loan. The lender wants to ensure that the property is worth at least as much as the amount they are lending, to minimize their risk in case the borrower defaults on the loan.

But home appraisals are also important for home sellers. If you’re selling your home, you want to make sure you’re pricing it correctly to attract potential buyers and get the best possible price. A home appraisal can help you determine the fair market value of your property, so you can set an appropriate listing price.

So, what happens during a home appraisal? The appraiser will typically visit the property and take note of its features, such as the number of bedrooms and bathrooms, the condition of the roof and other major systems, and any upgrades or renovations that have been made. The appraiser will also consider the property’s location, taking into account factors such as the school district, proximity to amenities, and the overall desirability of the neighborhood.

Once the appraiser has gathered all of this information, they will compare the property to similar homes that have recently sold in the area. This will give them a better idea of the property’s market value.

The appraiser will compile their findings into a report that will be sent to the lender (if the appraisal is being conducted for a mortgage loan) and/or the seller. This report will include the appraiser’s estimate of the property’s value, as well as a breakdown of how they arrived at that estimate.

A home appraisal is a critical step in the home buying and selling process. Whether you’re a buyer, seller, or lender, a home appraisal can help ensure that you’re making a smart and informed decision. If you have any questions about the home appraisal process, or if you’re ready to start buying or selling a home, don’t hesitate to contact the Garza Home Team. We’re here to help!

Robert Joseph Ott

Sales Manager & Creative Director, REALTOR®

Jesse Rene Garza


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⭐️⭐️⭐️⭐️⭐️ I am so thankful we were connected with Jesse and Rosa! We couldn’t have asked for a better duo to help us buy our first home. They are incredibly kind, attentive, and committed to making the home buying/selling process easier. They were always quick to answer any call or question we had. Throughout the entire process, they listened to our needs and concerns and made my first time buying a home much easier than I anticipated. Jesse was incredibly knowledgeable about every house w…
Gina Cramer | San Antonio