• Home Page
  • SELLERS
    • Whats My Home Worth
    • We Need Homes To Sell
    • Adding Curb Appeal to Your Home
    • Deep Clean When Your Home is For Sale
    • How To Attract More Buyers
    • Improve Your Odds of an Offer
    • Maximize Home Showings
    • Preparing for the Photo Shoot
    • Recognizing A Qualified Buyer
    • The Appraisal Process
    • Tips to Prepare Your Home For Sale
    • SellingorBuying
  • BUYERS
    • 7 Reasons to Own A Home
    • Alternative Financing
    • Appraisal Process
    • Cash To Close Program
    • Home Inspections What to Know
    • HomeOwners Insurance What to Know
    • Dream Home Worksheet
    • How Much House Can I Afford?
    • Preparing for House Hunting
    • Prepare to Buy a Home
    • Rent VS Buy
    • Title Insurance What to Know
  • FREE INFO
    • Coupons and Offers
    • GUIDES
    • Home Assessment
    • Home Tracker
    • Magazine
    • Neighborhood News
    • Neighborhood Alerts
    • Newsletter >
      • Newsletter Sign Up
  • Search for Homes
    • 1330 Cambridge Dr
    • Just Listed Sarsota County
    • Just Listed Venice Gardens
    • Englewood Homes For Sale
    • North Port Homes for Sale
    • Sarasota Homes For Sale
    • Venice Homes For Sale
    • Move to Florida
    • 2337 Bal Harbour Dr SOLD
    • 1644 Juniper Dr SOLD
    • 11087 Palmerston Ave SOLD
  • Contact Us
    • Join Us
    • ABOUT US
  • Blog
  • New Contruction SEARCH
Picture

    FOR YOUR FREE BROCHURE:

Submit
Picture
Sandy Winkler, Broker

Call Sandy Today.....For More Information!
​941-538-6677


What to Know                                                                                                                                              The Property/Buyer
 About the Appraisal Process

Once you are under contract, your lender will send out an appraiser to make sure the purchase price is in line with the property’s value.

Appraisals help guide mortgage terms.
The appraised value of a home is an important factor in the loan underwriting process. Although lenders may use the sale price to determine the amount of the mortgage they will offer, they generally only do so when the property is sold for less than the appraisal amount. Also, the loan-to-value ratio is based on the appraised value and helps lenders figure out how much money may be borrowed to purchase the property and under what terms. If the LTV is high, the lender is more likely to require the borrower to purchase private mortgage insurance.

Appraised value is not a concrete number.
Appraisals provide a professional opinion of value, but they aren’t an exact science. Appraisals may differ quite a bit depending on when they’re done and who’s doing them. Also, changes in market conditions can dramatically alter appraised value.

Appraised value doesn’t represent the whole picture of home prices.
There are special considerations that appraised value doesn’t take into account, such as the need to sell rapidly.

Appraisers use data from the recent past.
Appraisals are often considered somewhat backward looking, because they use sold data from comparable properties (often nicknamed “comps”) to help come up with a reasonable price.

There are uses for appraised value outside of the purchase process. 
For buying purposes, appraisals are usually used to ​
Picture
Homes For Sale Englewood
Homes For Sale North Port
Homes For Sale Sarasota
Homes For Sale Venice
Picture
Accessibility Statement
Privacy Policy
Winkler Realty Group

Sandy Winkler
Lic. Real Estate  Broker
​
​333 Tamiami Trl. S., #285
​
Venice, FL  34285

941-538-6677


FOLLOW US ON SOCIAL MEDIA

WE ARE LOCAL...

*Conditions Apply
  • Home Page
  • SELLERS
    • Whats My Home Worth
    • We Need Homes To Sell
    • Adding Curb Appeal to Your Home
    • Deep Clean When Your Home is For Sale
    • How To Attract More Buyers
    • Improve Your Odds of an Offer
    • Maximize Home Showings
    • Preparing for the Photo Shoot
    • Recognizing A Qualified Buyer
    • The Appraisal Process
    • Tips to Prepare Your Home For Sale
    • SellingorBuying
  • BUYERS
    • 7 Reasons to Own A Home
    • Alternative Financing
    • Appraisal Process
    • Cash To Close Program
    • Home Inspections What to Know
    • HomeOwners Insurance What to Know
    • Dream Home Worksheet
    • How Much House Can I Afford?
    • Preparing for House Hunting
    • Prepare to Buy a Home
    • Rent VS Buy
    • Title Insurance What to Know
  • FREE INFO
    • Coupons and Offers
    • GUIDES
    • Home Assessment
    • Home Tracker
    • Magazine
    • Neighborhood News
    • Neighborhood Alerts
    • Newsletter >
      • Newsletter Sign Up
  • Search for Homes
    • 1330 Cambridge Dr
    • Just Listed Sarsota County
    • Just Listed Venice Gardens
    • Englewood Homes For Sale
    • North Port Homes for Sale
    • Sarasota Homes For Sale
    • Venice Homes For Sale
    • Move to Florida
    • 2337 Bal Harbour Dr SOLD
    • 1644 Juniper Dr SOLD
    • 11087 Palmerston Ave SOLD
  • Contact Us
    • Join Us
    • ABOUT US
  • Blog
  • New Contruction SEARCH