Buying a Home,  Home Value,  Selling a Home

Your Guide to Home Appraisal

You’ve found your dream home and now it’s time to cross all your T’s and dot all your I’s before it’s all your own. And one of the first items on your closing checklist the home appraisal. So, what exactly is that?

The home appraisal is essentially a value assessment of the home and property. It is conducted by a certified third party and is used to determine whether the home is priced appropriately.

During a home appraisal, the appraiser conducts a complete visual inspection of the interior and exterior of the home. He or she factors in a variety of things, including the home’s floor plan functionality, condition, location, school district, fixtures, lot size, and more. An upward adjustment is generally made if the home has a deck, a view, or a large yard. The appraiser will also compare the home to several similar homes that were sold within the last six months in the area.

The final report must include a street map showing the property and the ones’ compared, photographs of the interior and exterior, an explanation on how the square footage was calculated, market sales data, public land records, and more.

After it is complete, the lender uses the information found to ensure that the property is worth the amount they are investing. This is a safe-guard for the lender as the home acts as collateral for the mortgage. If the buyer defaults on the mortgage and goes into foreclosure, the lender generally sells the home to recover the money borrowed.

A positive attitude and enthusiastic creativity are two of the driving forces behind Teresa Butler’s real estate practice. Teresa’s passions are people, houses and art. Since 1983 she has been able to combine her passions to help her clients’ real estate dreams come true. Today, as yesterday, she works earnestly to ensure her clients' needs are met and expectations exceeded. Skill, polished by years of experience and knowledge of her hometown is what Teresa brings to her clients. Growing up in Gahanna instilled hometown values her business is built on. She has watched Gahanna, New Albany and Easton build from the ground up. She has seen many trends and changes throughout the years and can share that knowledge to help you make a better buying or selling decision. Teresa’s clients are some of the happiest and most knowledgeable sellers and buyers in Central Ohio. Every transaction is treated with personalized attention to detail. She works diligently to keep them informed through technology with reports, statistics, neighborhood and area information, all to help them make an informed decision. Teresa is a powerful resource you can rely on to reach your real estate goals. Teresa embraces the latest technology to communicate quickly and effectively while still providing good old fashioned service. She understands thoroughly how technology and the internet have changed the way clients achieve goals and success in real estate. She utilizes all the latest digital tools to help you to make fast and informed decisions. Teresa sets herself apart as an award winning photographer to showcase her listings. Teresa has established herself as a pioneer in real estate photography. After all, a picture is worth a thousand words! Twilight photos exclusively through Teresa, will differentiate your home in the marketplace. Let Teresa’s award winning photos help sell your listing! Teresa can also help with your commercial real estate needs. Backed by years of experience through her broker, Ted Oatts, she will meet your commercial goals. Teresa truly cares for you as her client. She is committed to provide exceptional service to you. She takes time to listen to you, dedicating herself to giving you the results you want. Ready to make a move? Talk to Teresa Today!

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