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Many variables play into the Conroe home appraisal process

If you’re think an appraisal looks only at the home being appraised, you’re wrong. A Conroe appraiser will look at many variables to determine a home’s price. Here are a few on the standard appraisal form from Fannie Mae:

Neighborhood c...

Montgomery County and other counties impose property taxes on homeowners. The funds from the collected taxes are used for various purposes such as schools and public safety. Tax jurisdictions determine the tax rates and the methods used to assess the properties. Commonly the tax assessor – or gro...

Understanding home appraisal adjustments

Part 5 of 5

Using Comparable Sales or “Comps”:

The home’s location and neighborhood also have an impact on its value since Conroe appraisers also use “comparable sales” when finding the value of a home. Comparable sales refer to the prices of homes in the neighborhood that have similar age, siz...

Part 4

Quality home improvements:

The Conroe appraiser will also be very interested in any improvements you made to your home, as well as the quality of those improvements. Quality upgrades that make your home more desirable will be considered by the appraiser to determine your home’s overall v...

Part 3

The condition of the home’s interior:

For a Conroe appraiser, the condition of the home’s interior is just as important as its exterior. Appraisers will check the materials and condition of the windows and doors, flooring, plumbing and electrical systems, the number and quality of applia...

Part 2

Size of the property:

When the Conroe home is being evaluated, the size of the lot and the size of the home itself are all important considerations. A Conroe appraiser will be concerned with the total square footage and the home’s functional layout, as well as the number of bedrooms and ...

An appraisal is an integral part of the home buying process as it determines the objective value of a property. Lenders require an appraisal to help them evaluate a home before they issue a mortgage. Appraisals are done by trained and licensed appraisers, who will then give an unbiased report of ...

Counties, municipalities and cities impose property taxes on homeowners. The funds from the collected taxes are used for various purposes such as schools and public safety. Tax jurisdictions determine the tax rates and the methods used to assess the properties. Commonly the tax assessor review p...