In today's real estate market, an appraisal is an important key to a sale. Many in the metro area have recently received your property assessments in the mail. What do you do if that assessment is either too low or too high?
Real estate expert John Adams joined Good Day with some answers.
For more information, visit John's website at Money99.com
Before the appraisal is ordered:
1. Have a justifiable target value in hand before you start. That means you need to find 3 or 4 comparable sales from the past 6 to 12 months. 2. Meet the appraiser when they come to the property. Don't allow them to tour the house when you are not there. This allows you to share your information with them. 3. Give them your comps and improvements in written form. Get a real estate agent to help you prepare a written comparable sale analysis. Then use it.
After the appraisal comes back low:
1. Check for mistakes in square footage, bedroom/bath count, upgrades, lot size. 2. Evaluate the appraiser's comparable sales. If the appraiser chooses inappropriate comparables, your appraisal will be off base. Instead, do their work for them. 3. Ask the appraiser to reconsider based on data errors or comparable sales. Demand geographic competency. 4. Request a new appraisal. It may cost as much as $400, and you may have to pay for it, but its really your last resort.
Friday, May 24 2013 10:03 AM EDT2013-05-24 14:03:16 GMT
A new exhibit in Atlanta is providing an encounter that you "otter" see. The new Georgia Aquarium exhibit offers guests a view of the popular animals that has never been seen before.
A new exhibit in Atlanta is providing an encounter that you "otter" see. The new Georgia Aquarium exhibit offers guests a view of the popular animals that has never been seen before.
Friday, May 24 2013 9:43 AM EDT2013-05-24 13:43:19 GMT
There's never any shortage of food in the FOX 5 newsroom, but on Fridays, it's in the parking lot!
There's never any shortage of food in the FOX 5 newsroom, but on Fridays, it's in the parking lot! This week, Sweet Auburn BBQ joined us for Food Truck Friday, and they got the holiday weekend started right with wings.
Friday, May 24 2013 9:11 AM EDT2013-05-24 13:11:19 GMT
Lookin' to put on a fantastic party this Memorial Day weekend? Don't forget to jazz up your patio before you light that grill.
Lookin' to put on a fantastic party this Memorial Day weekend? Don't forget to jazz up your patio before you light that grill. Lucky for you, our friends from Pike Nurseries have a ton of ideas for how you can get your outdoor space ready for the holiday festivities.
Friday, May 24 2013 8:58 AM EDT2013-05-24 12:58:06 GMT
Georgia residents interested in visiting a natural wonder like the Grand Canyon don't have to travel very far.
Georgia residents interested in visiting a natural wonder like the Grand Canyon don't have to travel very far. Located just 150 miles from Atlanta, Providence Canyon may be the perfect summer day trip.
Friday, May 24 2013 8:12 AM EDT2013-05-24 12:12:38 GMT
Lots of college and high school graduates are celebrating their accomplishments as they receive hard-earned diplomas.
Lots of college and high school graduates are celebrating their accomplishments as they receive hard-earned diplomas. So, we're going retro to see what our Good Day crew looked like back in the day (and maybe embarrass them just a little)!
Friday, May 24 2013 7:42 AM EDT2013-05-24 11:42:08 GMT
The Centers for Disease Control says that every 19 minutes, one person in the U.S. dies from a prescription drug overdose.
The Centers for Disease Control says that every 19 minutes, one person in the U.S. dies from a prescription drug overdose. The state of Georgia is trying to do something about the problem, so they've just launched an awareness campaign focused on education and prevention.
Friday, May 24 2013 7:41 AM EDT2013-05-24 11:41:05 GMT
It's Memorial Day weekend, and you know what that means: hamburgers, pools, and yes-- big-time sales.
It's Memorial Day weekend, and you know what that means: hamburgers, pools, and yes-- big-time sales. This weekend marks one of the biggest for sales amongst retailers, and no matter where you shop, there's a good chance they're offering a deal.
Thursday, May 23 2013 10:09 AM EDT2013-05-23 14:09:40 GMT
You might have dreamed about getting the chance to decide which of your coworkers should stay on the job, and which ones need to go.
You might have dreamed about getting the chance to decide which of your coworkers should stay on the job, and which ones need to go. Does Someone Have to Go? is a new FOX reality show that lets employees take over for their bosses, and it premieres Thursday night!
KTTV FOX 11 1999 S. Bundy Dr. Los Angeles CA 90025
