|Posted by orders on October 7, 2013 at 11:00 AM|
Real Estate Appraiser Olympia: Important Things Women Should Know When Divorcing
Real Estate Appraiser Olympia: Are you going through a divorce? If your answer is “Yes”, then you are more than likely going to need property appraisal services…
A divorce is not a pleasant event to go through; it is stressful, painful and lengthy. Because it takes a lot of time to separate from your spouse you may sometimes make mistakes that you will later on regret.
Here are four important things you should know if you are a woman who is going through a divorce:
1. Every Real Estate Appraiser from Auburn, Federal Way, Lakewood, Olympia, Puyallup, Tacoma, and University Place is based on comparable sales. The process of Real Estate Appraiser goes like this: the appraiser notes down the unique features of every property and then compares the property with other houses which sold recently in the same area. These houses are comparable to yours.
2. Use an appraiser who is knowledgeable in the local market. As mentioned in point 1, the appraiser will have to evaluate your property’s value by taking into consideration the price range of other similar properties which sold in your area. It goes without saying that experience in the local market is crucial at this point.
3. Real estate value changes overtime, and so does Real Estate Appraiser. Just because you bought a house with a quarter million 20 years ago doesn’t mean that the property still has the same value. In time, and depending on the improvements you made, a house can cost more or less than its initial price.
4. You will not get all the equity money in your pocket. In order to find out your true equity in the property you will have to first subtract the mortgage price from the property’s fair market value.