Crystal Hyde
Cert Res RD8168
About Us
About Me
As a Xavier Graduate, I began my appraisal career in 2005. I have extensive appraisal experience in Southwest Florida. My practice includes appraisals for mortgage loan underwriting, estate planning, buy/sell decisions, insurable value estimates, feasibility studies and ad valorem tax assessment challenges.
What Is a Home Appraisal?
An appraisal is an unbiased professional opinion of a home's value. Appraisals are almost always used in purchase and sale transactions and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home's contract price is appropriate given the home's condition, location, and features. In a refinance, it assures the lender that it isn't handing the borrower more money than the home is worth.
The Appraisal Process
Because the appraisal primarily protects the lender's interests, the lender will usually order the appraisal. Most appraisals are reported in writing although in certain circumstances an appraiser may provide an oral appraisal. An appraisal report generally contains: a recital of the assignment parameters; a description of subject property and its locale; an analysis of subject property “highest and best use”; application of one or more valuation methods; and the appraiser’s certification and limiting conditions.