Why Overpriced Homes Don’t Sell
Every neighborhood has that one home with a "for sale" sign on the lawn that's been standing there for several months. The home has been there for so long that even folks who go to every open house have seen it. Admit it, now you're starting to worry. You think to yourself, "If this home, which is well-kept and modern, isn't selling, does this mean that my home won't sell when I'm ready?" There's a reason why that home isn't selling and it's not what you think. What's the cause? Well, that home is probably overpriced. The seller set the
Iconic Neighborhoods And Neighborhood Value
When it comes to location, it always matters. The location of your home makes a difference in the resale value. Of course, you can't always control how demographics will shift, however, you can look at certain trends to determine whether or not the neighborhood you're buying in will help with the price appraisal of your home. For example, being named the top five places for Christmas Lights in the country is a good thing when it comes to selling. Besides being festive, it means that locals will want to keep their title and they will keep their neighborhood in good standing. The
The Secret Of A 48-Hour Home Appraisal Makeover
We love success stories for home buyers and sellers. When someone gets a low figure for their home and finds ways to fix up some of the issues and sell for a better rate, we are overjoyed. The housing market is confusing enough as it is, so when we hear good news we share it. A recent ABC News report stated that the housing market median home prices have risen since last July. This is great news for the millions of U.S. citizens with their homes on the market. The better news is that the program also offered a 48-hour
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
Do Bigger Improvements Get A Better Appraisal?
The short answer is yes. However, the long answer requires some consideration. As we've discussed before, the most accurate appraisal figures come from the comps in the vicinity of the subject property. "Comps" is just a term appraisers use to describe comparable properties in your area. So, comps are homes with the same or similar number of beds, baths, square feet, garages and etc. For example, if homes in your area are selling for $200k and you want your value to be $225k, your home needs to be better than the homes selling. This means more room, spare bedrooms, or
Impressing Your Michigan Home Appraiser
There are a few things you can do to increase your chances of impressing your Michigan home appraiser. Thankfully, Detroit is recovering, but it’s still important to put your best foot forward when the value of your home is being determined. Keep in mind, though, that a little money goes a long way in this regard. That is, even if you spend several hundred dollars executing one of these steps, if it increases the value of your home in the eyes of your appraiser by thousands of dollars, then you’ve reaped a wonderful return on your investment. One thing you’re
Getting Ready For Your New York Real Estate Appraisal
There are a number of steps you can take to prepare for your New York real estate appraisal. If you live in the city, that alone still means your property is valuable, because the market there hasn’t suffered nearly as much as it has in other parts of the state. Still, there are things you can do to increase your property’s value even further. The most expensive option, of course, is to add additional square footage to your home. You could also fix what needs fixing, or even paint. There are some free things that you can do, too. They
Disappointing Your Ohio Real Estate Appraiser
One of the current trends for Ohio real estate appraisal has more to do with expensive homes than moderately priced homes. There are some exceptions to this, but in general, expensive home sales are still lower than average, while the sale of homes less than one hundred thousand dollars is beginning to return to normal level. These and other local trends will affect the kinds of numbers you Ohio real estate appraiser comes up with, so you certainly don’t want to give him or her any reason to decide your home is any lower in value. One of the things
Features For Success in Florida Real Estate Appraisals
There are a number of features your home could have which would increase the odds for the success of your Florida real estate appraisals. Of course, by “success” we mean that you end up with a home value which is reflective of a return on your investment. The opposite of that would be failure. The surest way to guarantee a return on your investment, if you can afford to do it, is to add square footage. There are a number of ways to do this. One of the easiest, least expensive ways is to add a deck. You could also
What Do Home Appraisers Look For
No profession knows how to sell a home better than home appraisers. Since they study the current market trends, they know how you can get the most value from the home. Following their advice, you can not only improve your home and living space, but also net a sizable profit as well. Adding Space and Light You can never have too much space and light in a home, and these are two factors that really help sell it. If you have a home with multiple small rooms, simply knocking a wall down will give you one extra large room instead,
