Thursday, September 1, 2016

Understanding Long Beach Island Property Appraisal




Long Beach Island Real Estate

Appraisals are required for and are an important step in any Long Beach Island real estate purchase requiring a mortgage. Essentially, an appraisal is the opinion of value by a licensed and trained professional. This professional has been hired to evaluate the value of a home for the benefit of the bank. This is done to ensure that the asset which the bank is going to collateralize, mainly the structure, has sufficient value to justify the loan. Understanding Long Beach Island property appraisal is in essential step tobuying any home in the LBI real estate market.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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