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Welcome > Resources > Ask Anything ...

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As a top Franklin, Brentwood and Metro Nashville real estate expert, it's my job to help! Please take advantage of my experience and knowledge.

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About Appraisals >Lender Appraisal

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.

To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.

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Q	Where is the world's largest bridge located?
A	Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long.
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The Marilyn Group, REALTOR®, real estate agents and broker for Franklin, Brentwood and Metro Nashville, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Marilyn Denney Johnston
Fridrich & Clark Realty
5200 Maryland Way, Suite 101
Brentwood, TN 37027
Toll Free: 888-922-8317
Mobile: 615-533-9377
Office Direct: 613-263-4803
Marilyn@MarilynTheRealtor.com
Marilyn@MarilynTheRealtor.com
Marilyn@NUMBER1EXPERT.com
Selling or buying a home can be stressful. Whether you are a seller, buyer or developer, let me negotiate to save you money. Your needs and wants are important to me. Tell me your goals, I will listen and help you achieve them. Interest rates are great, why wait, let's get started today. TN License AB00287207

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