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Real Estate §
; Eileen M. Day REALTOR
THE APPRAISER'S JOB
Estimating the value of a ■home is not an exact science. And although everyone can [have an opinion, the appraiser. because of his training and [background, is the person who is hired to give a documented report as to the market value of a piece of real [estate at a given point in time.
Appraisers are hired by owners. buyers and lenders to look at a piece of real estate, compare It with like properties in the same area that have recently sold, and then give an educated opinion of Its value [ In the current market
Appraisers have to look at [many variables when doing this, such as condition of the [property, circumstances of the sale, time on the market, variables because of location and ■adjust for differences In [square footage of the home or lot for the comparable sales. [After all of these have been factored in. the appraiser then ; compiles a written report, usually with photographs and a detailed accounting of each property compared to the subject
If there is anything we can do to help you in the field of real estate please stop in at EILEEN M. DAY. Realtor, the Clopton House. Washington. Va.. 22747. Phone 675-3033. Wete here to help.
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