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Appraise Your Home at the Right Value

Realtor Hillary Caston offers proven advice for getting an accurate appraisal for your Laguna Beach home.

In my previous post, I revealed some of the pitfalls of home appraisals. For my example, I spotlighted the recent experiences of a wonderful couple I’m hoping are my future in-laws. As is often the case, their appraiser compared their fresh, sweet apple of a home with a rotten one. And thus, their home was undeservedly undervalued.

Many people responded to the article by sharing their own appraisal experiences. To these loyal readers, I would like offer my sincerest thanks.

You’ll all be glad to know that everyone has an opportunity to set things straight and get the right appraisal for their Laguna Beach home. Here’s what every homeowner should know before they set foot in appraisal territory.

  1. If the first appraisal seems way off-target, you can dispute the amount and request another appraisal. After all, shelling out an extra $500 for a second opinion is far better than losing thousands through an undervaluation and higher interest rates.
  2. If a second appraiser is called into action, request a local who’s in tune with the territory. A professional working Riverside will be groping through a foggy marsh even when it comes to Laguna Beach real estate.
  3. It’s perfectly acceptable for the current mortgage holder to provide a price quote. But you also should get appraisals from two other lenders. Contact The Coastal Property Experts any time for a list of our lending associates, as well as free quotes that accurately reflect your home’s true value. 949-922-8490.
  4. Exclude prepayment clauses -- just in case you decide to sell your home down the road.
  5. Know your refinance interest rate. If you like it, lock it!

Be sure to contact The Coastal Property Experts if you want to learn more about getting the right refinancing and appraisal for your Laguna Beach home.

Now if you’ll excuse me, I have to go back to locking in something of my own – my future in-laws.

The Coastal Property Experts

Transforming Integrity Into Results

Regards,      

Hillary Caston                                                                                              

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Charles December 28, 2012 at 02:21 AM
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