How do appraisers determine the market value of a property?
An appraiser inspects a property noting the size, style, location, age and other aspects of the property. Then the appraiser finds comparable properties nearby that have sold recently. The appraiser then makes adjustments in the sales price of the comparable property for the differences in the property being appraised and the comparable property. After all the adjustments, the appraiser will have an estimate of the market value of your property.
When I go to the bank for a loan, can I request that Yonce Real Estate & Appraisal Services appraise my property?
Yes, some lenders leave the choice of an appraiser up to the borrower. Some lenders have a relationship with one appraiser and that appraiser does all the appraisals for that institution. No matter how your lender works, ask for Yonce Real Estate & Appraisal Services. In most cases, we are already on the bank’s approved appraisers list. If we are not, we will work to be approved by your lender.
When is the best time to put my property on the market?
The best time to put your property on the market is now. Interest rates are very low and make property affordable for more people.
What areas does Yonce Real Estate & Appraisal Services serve?
We serve the counties of Carroll, Grayson, Wythe, Pulaski and Floyd. As well as the city of Galax and the towns of Hillsville and Wytheville. Other areas are upon request.