Lenders use appraisals to determine a home�s value. The lender protects their investment by being reasonably certain that they can recoup their loan if the purchaser defaults. This explains down payments. Down payments provides a buffer, a margin for error. The lender is reassured that the monies lent can be recovered.
Issurance companies :
The typical appraisal reflects the perceived value of the potential purchase.
What does the potential purchaser consider?
Schools Crime and Crime Rate
The cost to maintain the property such as real estate taxes
stigmatized properties Safety
view
parks and recreation
sports teams
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Dave Cohen’s Direct Line: 856.974.1891
Century 21 Rauh & Johns, 508 Hurfville Cross Keys Road, Suite 2, Sewell, NJ, 08080-2755
Dave Cohen’s Direct Line: 856.974.1891