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5185 Dungannon Circle NW
North Canton, OH 44720
phone: 330-494-3444
fax: 330-499-4646
e-mail: hottleco@neo.rr.com
http://www.hottleco.com
©2004 Hottle and Co.
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Buyer/Seller FAQ
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How much is my property worth?
Many owner's ask this question when the appraiser views the property.
The truth is at that time the appraiser does not know what the property
is worth. The walk through is just the first of many steps needed before
value can be estimated. It should also be noted that it is a violation of
USPAP (Uniform Standards of Professional Appraisal Practice) for the
appraiser to divulge the results of an appraisal to anyone other than the
client. If you have applied for a loan and your lender ordered the appraisal,
the lender is the client and the appraiser cannot discuss appraisal results
without their express permission.
Many things affect the value of property: square footage, age, floor plan,
amenities, condition etc. Sales of similar properties in your market area are
usually the best indicators of value.
To get an idea of pricing in your area, visit the Stark County Auditors website at
www.co.stark.oh.us/ and click on the "real
estate" icon in the middle of the lower menu bar. This page offers various methods
to search for property using the menu bar on the left. You may also seach for transfers
using the "sales search" tab in the middle of the top menu bar.
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