What It's Worth?

A home purchase is the largest, single investment most people will ever make. Whether it's a primary residence, a second vacation home or an investment property, the purchase of real estate is a complex financial transaction.

One of the first questions everyone asks is - What is my home worth? Or -what is the home you are buying worth? The answer is not a simple one. When was it built? How has it been maintained? What about the neighborhood – what are other homes in the area selling for? Have you made improvements to the home? These are just of few of the factors that must be considered in answering that question. And all of these are addressed in an appraisal.

An appraisal is an unbiased estimate of what a buyer might expect to pay - or a seller receive - for a piece of real estate. There are many types of appraisals but in general, an appraiser visits the home and reviews recent selling prices of similar homes in the area in order to determine the value of the home.

With this information in hand, you will be in a better position to buy or sell your home. This is also information your lender will need to process a mortgage. At Tammac Credit you can send your information to your lender with one simple click.

Knowing the value of your home – or your dream home – is valuable information and just one of the many Information Services available through Tammac Credit.