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Rural appraisals can differ from urban appraisals.
Estimating the value of a rural property can be a challenge. There are several variables that can come into play such as: the size of the property, the outbuildings and farming styles, location, etc. It is important for a rural property homeowner to have a rural appraiser estimate the property market value.
Whether you are purchasing or refinancing a rural property, the rural appraisal must fall under specific guidelines set out by individual lending institutions. Most financial institutions will request that all outbuildings, barns and extra acreage be excluded from the estimated market value.
When you hire AB Appraisal Services, Inc. you are hiring a dedicated professional rural appraiser who will provide you with an estimate of market value with relevant data and analysis. An appraiser that knows the rural area that he or she is appraising.
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