For example, if you place an offer on a house for $650,000 and apply for a mortgage worth $487,500, but your appraisal assesses the house to be worth $400,000, your lender may only offer you a ...

House appraisers take many factors into account when conducting an appraisal. “I go in and inspect and look at the condition of whatever I’m looking at whether it’s a condo apartment, ...

Appraisers look at the general condition of the home, the home’s location, the age of the house, the size, unique features and any improvements made to the home.

The new appraiser concluded the house was worth $1,482,500 – nearly half a million dollars higher than Miller's estimated value. Disparities in home appraisals are ubiquitous and persistent.

Appraiser trainee Devin Minnis inspects a house in Baltimore. He says he's lucky to have a supervisor who's Black like him in an industry where some 90% of U.S. appraisers are white.

For answers, I called real estate appraiser Richard Allen of Port Orange, Fla., who has been appraising homes for 45 years, and who was not involved in our appraisal.

ADUs and property taxes. Adding an ADU to your lot will raise your property tax bill. Your house won’t be reassessed, tax officials say, but the value of the ADU will be added to the value of ...

After skipping them during the pandemic, home buyers are getting appraisals again. ... He was ready to pay $750,000 for his new house. Then the appraisal came in. Story by Aarthi Swaminathan ...

The U.S. House of Representatives this week passed a bill that streamlines the appraisal process for U.S. Department of Veterans Affairs mortgage loans.. With the passage of HR 7735, known as the ...

He was ready to pay $750,000 for his new house. Then the appraisal came in. He was ready to pay $750,000 for his new house. Then the appraisal came in. Provided by Dow Jones May 7, 2025, 1:56:00 PM.