Do Celebs Get Premium Prices On Their Homes?
Recently, real estate agent Barbara Cocoran went on the Today Show to discuss real estate pricing for the rich and famous. The high end market of celebrity real estate is not like regular real estate, not even compared to millionaires who own mansions in exclusive neighborhoods. According to Cocoran, buyers pay a premium prices on homes that have been own by stars. There are several examples of celebs asking for premium rates on their homes. One such example is Alicia Keys and her husband, Swizz Beats. They own an apartment in New York City and recently put it on the
What Are The Benefits Of Appraisal Technology?
Technology has revolutionized the appraisal industry. Tools have changed the landscape of the appraisal process. The right appraisal technology saves time and make the process more efficient. Technology can help in a variety of ways. For example, the appraisal process involves an examination of public records. Appraisers used to go to courthouses or mayor's offices to obtain tax records pertinent the property. This would take a long time. Now, using laptops and smart phones, appraisers can access data at the speed of a click. There are other ways technology has helped the appraisal process. Here are a few more examples: Mapping For Comparables Appraisers often
How To Appraise Wayne Manor
We're going to have a little fun with this post. There have been many homes of fictional characters that seem to price at immeasurable sums. Take Iron Man's laboratory or Lex Luthor's commercial properties-- it's interesting to think about how much their real estate actually costs. What about someone like C. Montgomery Burns from the Simpsons? How much is his home worth? Perhaps the property with the home that may have the most surprising value is Wayne Manor, home of Bruce Wayne, otherwise known as the Batman. A recent article ran about the appraisal cost of Wayne Manor and we
Low Appraisal? Here Is What To Do
Several real estate appraisers have mentioned that foreclosures and short sales have created a new price structure that includes average home sales prices and distress sales. This means that homes may have been appraised at a lower value because the "comps" in the area are low as well. So what should a homeowner do if the valuation is too low? Appraise First, Set the Sales Price Second Get an appraisal before you list the home for sale, this way you can take steps to raise the value if the price falls short of your expectations. Get a Copy of the Appraisal
