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  • Why Sellers Choose Jay McHugh and Elias Papadopoulos - Why home sellers in Boston, Brookline and Dedham choose Jay McHugh and Elias Papadopoulos.

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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 does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Jay McHugh and Elias Papadopoulos, REALTOR®, real estate agents and broker for Boston, Brookline and Dedham, Massachusetts home listings, property and land for sale - NUMBER1EXPERT(tm)

Jay McHugh and Elias Papadopoulos
RE/MAX Unlimited
420 Harvard St.
Brookline, MA 02446
Phone: 617-566-0300
Fax: 617-566-4499
jaymchugh@NUMBER1EXPERT.com

Jay and Elias specialize in looking out for their clients and being successful regardless of current market trends. Their Re/Max office has grown to 21 agents in the last 3 years, providing complete and thorough services to the home buyer or seller. Jay and Elias excel in buying and selling in the competetive Brookline/Boston market.


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