• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Danny Murphy & Associates

Homes for Sale in Orange County, CA

Find Danny Murphy & Associates:

  • Facebook
  • TikTok
  • YouTube
  • LinkedIn
  • Pinterest

Homes seen on this website may be for sale, in escrow, or sold. Please contact us today to learn about our most recent inventory, including homes not yet on the market.

  • Homes for Sale in Orange County, CA
  • Reviews of Danny Murphy & Associates
    • Facebook Reviews
    • Google Reviews
    • Zillow Reviews
  • What’s Your Home Worth?
  • Contact Danny
  • About
You are here: Home / Danny Murphy and Associates / The Home Appraisal Process: What You Need To Know

The Home Appraisal Process: What You Need To Know

October 17, 2022

Appraisals are normally a staple of the home buying process. With appraisal costs starting at $500, you should be aware of what you’re getting for the money you are spending. Let’s walk through the home appraisal process.

pinnable image of beach community with hills, homes and ocean

Home Appraisal Process:

  1. The cost of a home appraisal is the borrower’s responsibility. It’s usually paid for with the other mortgage costs at closing. The lender will choose an appraiser – you may not choose your own.
  2. There are two types of appraisals – a cost appraisal (used for new homes – the value is based on what it would cost to rebuild the home) and a comparison appraisal (value is based on the prices of nearby homes).
  3. The appraisal process usually begins before the appraiser has stepped onto your property. He will gather maps, photographs, and sketches of your property and the surrounding areas, and conduct both an evaluation of market trends and a comparable market analysis (“comps” of nearby homes) that may affect the value of your home.
  4. The appraiser then comes out and visually inspects the property, getting first-hand information for his report. He will look at the general condition of the house and its fixtures, the structural integrity of the home, and write down his thoughts about the areas surrounding the home. Any amenities such as swimming pools and upgraded counters or flooring will be noted, as well.
  5. The appraiser will finalize his report and you’ll receive a copy in the mail soon after. You can view an example of a property appraisal here on the Freddie Mac website.

Want to Learn More About Danny Murphy & Associates?

Click on the video below to see and hear more about the industry leading, CLIENT FIRST services that Danny Murphy & Associates provides to their buyers and sellers.

youtube screenshot

If you have questions about the appraisal process, please feel free to contact Danny Murphy & Associates. We are familiar with this process and are available to answer any questions you may have. 

Filed Under: Danny Murphy and Associates, Real Estate Tips, Selling A Home Tagged With: Real Estate Definitions, Real Estate Tips

Primary Sidebar

Danny Murphy & Associates

With more than 15 years of Southern California Real Estate experience, Danny is an expert in his field.

Looking to sell your home? Call Danny today to see how our industry leading marketing and exceptional negotiating skills can help you get more for your more.
(949) 413-6967
Danny@TheSoCalLife.com

dannyandassociates

Check out this kitchen island 😍 . . . . . . #re Check out this kitchen island 😍
.
.
.
.
.
.
#reels #instagram #reelsinstagram #fyp #viral #foryoupage #trending #luxury #interiordesign #interior #art #interiordesigner #kitchendesign #kitchen
Lovin’ this family room style! 🙌🏻 . . . . Lovin’ this family room style! 🙌🏻
.
.
.
.
.
.
#reels #instagram #reelsinstagram #fyp #viral #foryoupage #trending #luxury #interiordesign #interior #art #interiordesigner
Check out this video by Danny Murphy & Associates Check out this video by Danny Murphy &  Associates to learn the 3 REASONS WHY HOMES DO NOT SELL even in today’s strong market. Please contact Danny if you have questions or want to learn more about the industry leading marketing and advertising that Danny Murphy &  Associates provides to get their Sellers TOP DOLLAR for their homes in the SHORTEST PERIOD OF TIME!

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
Are you looking to get a little closer to the beac Are you looking to get a little closer to the beach? This awesome view property isn't on the market anymore, but we'd love to get you in to a place with a view that's just as spectacular! 

949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate #views
The house with this gorgeous bathroom didn't last The house with this gorgeous bathroom didn't last long on the market. If you're searching for your dream home, we'd love to help you find it!
949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
What kind of amenities do you look for in a commun What kind of amenities do you look for in a community? 

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
COMING SOON! This popular model in the Huntington COMING SOON!
This popular model in the Huntington View tract near Newland Elementary is a must-see! It features 4 beds / 3 baths, as well as a private backyard. Don't miss out on this great opportunity! 

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate #huntingtonbeach #hb #orangecounty #oc #ochomes #southerncalifornia #socal #socalhomes #surfcity #surfcityusa #beachlife #beachliving
Recently Danny was the featured guest on a nationw Recently Danny was the featured guest on a nationwide podcast that aired on ABC and YouTube. 

Watch the video to get an in depth read on the So Cal real estate market. 

People are asking:
-Are real estate VALUES are going to CRASH?
-Why is INVENTORY so LOW?
-Where are mortgage rates headed? 

The POWER of LEVERAGE! Rents keep INCREASING! The 6D's that drive the real estate market, and many other interesting topics!

Grab the link to the video in my story or profile 
https://youtu.be/NNQXAR0RbJo

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
Load More Follow on Instagram
 

Homes for Sale in Orange County:

Aliso Viejo
Anaheim
Costa Mesa
Fountain Valley
Huntington Beach
Irvine
Laguna Niguel
Lake Forest
Mission Viejo
Newport Beach
Orange
Orange County
Tustin
Villa Park
This information is based on information from the Association of Realtors/Multiple Listing as of the date the AOR/MLS data
was obtained and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


Copyright © 2023 · Danny Murphy & Associates
 

Loading Comments...