If you need assistance, please call 615-826-0001

What is an Appraisal?

Tuesday, November 24, 2015   /   by Tina Redding

What is an Appraisal?

News_You_Can_Use_Header_11_24_15

FICTION - An appraisal is the estimated amount of money your home may sell for.  The appraiser will come to house_picyour house and list the number and size of the rooms and any extras, such as a fireplace, porch, pool, or garage.  The appraiser will compare your home and property to other homes that have sold recently with similar features.  The appraiser then estimates that your home might sell for approximately the same amount of money as similar homes.

During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy.  The inspector will review the readily accessible exposed portions of the structure of the home, including the roof, attic, walls, ceilings, floors, windows, doors, basement and foundation, as well as the heating/air conditioning systems, interior plumbing, and electrical systems for potential problems.  Home inspections are not intended to point out every small problem or any latent defect in a home.  Most minor or cosmetic flaws, for example, should be apparent to the buyer without the aid of a professional.

EXIT Real Estate Solutions
201 Molly Walton Drive, Suite A
Hendersonville, TN 37075
615-826-0001
Each office independently owned and operated.

Based on information submitted to the MLS GRID as of February 16, 2025 12 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
This site powered by CINC: www.cincpro.com