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Real Estate Tips
About Appraisals >Lender Appraisal

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.

To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.

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Real Estate Trivia
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What do 84% of homebuyers who use the Internet to search for homes have in common?

A 
They use a real estate agent to purchase their home.
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Ryder, REALTOR®, real estate agents and broker for Colorado Springs, Ft. Carson and Briargate Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Jeff Ryder
The Jeff Ryder Team

RE/MAX Properties, Inc.
1740 Chapel Hills Dr.
Colorado Springs, CO 80920
Tel: 719-593-SOLD
Cell: 719-380-1765
Fax: 1-866-804-1302
Email: jeffryder@NUMBER1EXPERT.com

Jeff Ryder moved to Colorado while serving in the US Army at Fort Carson as a Flight Paramedic. If you look at Jeff's picture and say "I think I know him from somewhere", it may be due to his career before selling homes. After leaving the military, Jeff spent 5 years as a newscaster for television stations in Florida and Colorado. The last three years were in Colorado Springs on 11-News. Jeff is married to Kassie. They have two sons, Clayton and Kyle.

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