Whether you’re buying or selling a home, mortgage appraisal services are an important part of the process. Thomas Bealle Associates, LLC has more than 70 years of combined experience in real estate appraisals and consultations. We can help you understand the market and the value of your home, enabling you to get the best price, whether you’re buying or selling a home. We service a wide area in and around Mobile and Baldwin Counties.
What Are Real Estate Appraisals?
An appraisal differs from a home inspection mainly in its purpose. While the inspector is searching out potential flaws or needed repairs, the appraiser is looking at the overall value of the home. Many factors are considered when coming up with a value for your home. Prices that nearby and similar properties have sold for will have a substantial impact on the appraisal. Property values set the standard for the neighborhood. There’s more to an appraisal than simply comparing the home to other homes in the community, however. The size and condition of the home, different features and amenities, and recent repairs or renovations all factor into the final value.
Who Needs a Mortgage Appraisal?
Homebuyers and sellers both need appraisals to determine a fair price upon which to base their transaction. The home seller normally contracts and pays for the appraisal. The home buyer needs the appraisal to secure a loan. No lending institution will offer a loan without mortgage appraisal services. Once the appraisal is complete, negotiations on price and the final contract can begin. When you’re ready to buy or sell your home in Mobile, call upon Thomas Bealle Associates, LLC. We are dedicated to providing you with the resources you need to settle into your new home and to provide the real estate services you need to help ensure your sale goes smoothly.