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Rapid Resurrection Realty

3.00(
1
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Rapid Resurrection Realty

3.00(
1
)
13 years of experience

We are in the business of building and restoring, or "Resurrecting" homes and businesses! With over 35 years of combined new building/remodeling experience, the owners can make your house a home, or make your place of business feel more welcoming. We would appreciate an opportunity to work with you and count you among our business friends and family!

We are in the business of building and restoring, or "Resurrecting" homes and businesses! With over 35 years of combined new building/remodeling experience, the owners can make your house a home, or make your place of business feel more welcoming. We would appreciate an opportunity to work with you and count you among our business friends and family!


Property Appraiser questions, answered by experts

Yes, experienced appraisers handle a variety of property types with tailored methods.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a “seller’s market,” where there is an abundance of buyers, market value will likely sit higher than the appraised value because there’s more demand for the low inventory of homes. In a “buyer’s market,” where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.

The Ransom Canyon, TX homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.