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Appraisal :

A home purchase is the largest, single investment most people will ever make. Whether it's a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties' involvement. From the realtor, the most common face of the transaction, to the mortgage company providing the financial capital necessary to fund the transaction, to the title company ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer, and to an appraiser.

 
An appraisal is an unbiased estimate of what a buyer might expect to pay - or a seller receives - for a parcel of real estate, where both buyer and seller are informed parties. An appraiser's duty is to inspect the property being appraised to ascertain the true status of that property. The appraiser must actually see features, such as the number of bedrooms, bathrooms, the location, and so on, to ensure that they really exist and are in the condition a reasonable buyer would expect them to be. The inspection often includes a sketch of the property, ensuring the proper square footage and conveying the layout of the property. Most importantly, the appraiser looks for any obvious features - or defects - that would affect the value of the house.
 
An appraiser uses two or three approaches to determining the value of real property: a cost approach, a sales comparison and, in the case of a rental property, an income approach.
Cost Approach:
The appraiser uses information on local building costs, labor rates and other factors to determine how much it would cost to construct a property similar to the one being appraised. This value often sets the upper limit on what a property would sell for. Why would you pay more for an existing property if you could spend less and build a brand new home instead? While there may be mitigating factors, such as location and amenities, these are usually not reflected in the cost approach.
Sales Comparison:
Appraisers rely on the sales comparison approach to value these types of items. Appraisers get to know the neighborhoods in which they work. They understand the value of certain features to the residents of that area. They know the traffic patterns, the school zones, the busy throughways; and they use this information to determine which attributes of a property will make a difference in the value. Then, the appraiser researches recent sales in the vicinity and finds properties which are ''comparable'' to the subject being appraised. The sales prices of these properties are used as a basis to begin the sales comparison approach.
Income Approach:

In this case, the amount of income the property produces (rental houses) is used to arrive at the current value of those revenues over the foreseeable future.

Combining information from all approaches, the appraiser is then ready to stipulate an estimated market value for the subject property. It is important to note that while this amount is probably the best indication of what a property is worth, it may not be the final sales price. There are always mitigating factors such as seller motivation, urgency or ''bidding wars'' that may adjust the final price up or down. But the appraised value is often used as a guideline for lenders who don't want to loan a buyer more money that the property is actually worth. An appraiser will help you get the most accurate property value, so you can make the most informed real estate decisions.

We are a leading provider of real estate valuations for the mortgage lending marketplace. With years of experience in the business, we have a proven track record of reducing time, efforts and costs in managing the appraisal process.
We are provider of appraisals for: :
  • Primary and secondary mortgages
  • Private mortgage insurance removal
  • Estate planning
  • Divorce settlement
Our Services:
  • Short turn-around times
  • Highest quality appraisal reports
  • Electronic ordering and delivery
  • Competitive pricing
We look forward to being of service to you-exclusively! Please complete the Registration form below as accurately as possible. If you would rather speak to one of our representatives, Please Call (732) 521-3040 or e-mail: info@horizoncoast.com to setup a confidential consultation.
 

Important Note: Completion of this form is for informational purposes only, for our own purposes in serving you better. Your information will not be shared with any outside source other than to be qualified or assisted to purchase real estate or to be assisted in being approved for an apartment.

   Appraisal Order Form :
 
Client ID #
(if applicable)
     
 
Name :
 
E-Mail :
 
Company Name :
 
Phone :
 
Address:
(to send appraisal to)
 
Fax :
 
City :
 
 
 
State :
 
Zip:
   Information about property to be appraised (subject property)
 
Borrower's Name:
   
 
Address:
   
 
City:
   
 
State :
Zip:
 
Purchase Price:
  OR
Estimated Values:
 
Type of Property:
Single family detached   Attached Housing   Condo
Commercial Apartment Other (explain in comments)
 
Purpose of Appraisal:
Sales Contract    Refinance  Determining sales price
IRS, estate, tax purposes   Other (explain in comments)
 Please give any additional comments you feel appropriate to provide assistance  better.

 
 
 
     
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