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  • Why Buyers Choose Kathy Bailey - Why homebuyers looking for a real estate agent in the Naples, Bonita Springs and Estero area choose Kathy Bailey.

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Real Estate Tips
About Appraisals >Professional Appraisals

Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.

A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.

The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.

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Real Estate Trivia
Q 
What famous American monument is also the world's heaviest statue?

A 
The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds.
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Kathy Bailey, REALTOR®, real estate agent and broker for Naples, Bonita Springs and Estero, Florida home listings, property and land for sale - NUMBER1EXPERT

Kathy Bailey
RE/MAX Realty Select

3349 Tamiami Trail North
Naples, FL 34103
239-594-2214
Fax: 239-597-8353
knabelbailey@aol.com

Kathy Knabel-Bailey is one of the top RE/MAX agents in the Naples area and in Florida. She has a full-time licensed assistant working exclusively for her to free more time so that she may provide only top notch and comprehensive service for you!

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