Appraisal Associates of Lancaster
Your Local Providers For All Real Estate Valuation Services
Serving All of Lancaster County
Our company has been providing real estate valuation services for over 3o years. Our team of seasoned appraisers have experience in all facets of real estate including appraising, brokering, and the buying and selling of real estate. When looking for help in the world of real estate, we are the place go!
What is an appraisal?
An appraisal is conducted by an appraiser that provides and evaluation, and from this evaluation an opinion of value is formed. The value opinion can be derived from the three common approaches to value, those being the Sales Comparison Approach, Cost Approach, and Income Approach. The Sales Comparison Approach is the most commonly used and accepted. The appraiser will produce an unbiased, professional opinion of value by utilizing these approaches to come to conclusion. The conclusion is delivered typically via a written report that provides the appraisers evaluation of the property.
Why get an appraisal?
Appraisals are used for a multitude of different purposes. They are traditionally used for lending purposes and for real estate and mortgage transactions. However, there are also many also uses for an appraisal. They are also used privately for things such as deriving market value, tax appeals, settling estates, and in divorce proceedings. Contact us today for all of your real estate valuation needs!
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U.S. Weekly Mortgage Averages
| Loan Type | Interest Rate | APR |
| 30 Year Fixed Rate | 6-7% | 6.5% |
| 15 Year Fixed Rate | 6-7% | 6.5% |
Primary Mortgage Survey
The graph below is the weekly rate averages over the past year for 15 & 30 year fixed rate mortgages as provided by Freddie Mac.
