Celebrity Real Estate Updates: Who Bought What?
In this blog post, I thought I would bring you the latest celebrity real estate updates. So, sit back and enjoy the real Hollywood real estate news!
Appraisal Technology: How It Benefits You!
The tools of the appraisal trade have drastically changed. One of the biggest changes new technology has brought on is how everyone, including lenders and homeowners, now have quick access to appraisal information. Here's how appraisers are using new technology and how that benefits you.
How Accurate Are The Appraised Values Of Zillow And Trulia?
A question I often get is, "How accurate is Zillow and Trulia?" This is a great question because it allows me to explore and show you whether or not online appraisal websites are on the money. I randomly selected five appraisals, located in different parts of the country, done by our team of certified appraisers. I then compared their values which were certified by our appraisers with the amounts shown by Trulia.com and Zillow.com. By the way, if you want to see the estimated value of a home, go to Google and type in the address and the listing should
Big Homes Are Back, But With A Twist!
Downsize, downsize and downsize. If you've been looking at home sales in the last few years, you would think the word "downsize" became a permanent part of the real estate lingo! Thankfully, that's not entirely true. Big homes are back! While many people were thinking about smaller homes, a whole other generation of home buyers were thinking that bigger is better. The big homes that are making a comeback come with a twist! Can you guess what it is? Before we reveal what the new trends in big home sales are, here are some interesting tidbits about home sizes across the states:
Washington D.C. Real Estate: Supply And Demand
Washington D.C. is a cultural and historical mecca. Having dozens of great neighborhoods a Metro ride away and a bustling political and business climate keeps the D.C. real estate market competitive. It's no wonder people flock there to live and work. As appraisers, our team is constantly in and out of so many Washington D.C. neighborhoods and homes; this familiarity that has led to a great understanding of the trends and home sales averages of the Washington D.C. real estate market. When a client wanted our take on Washington's priciest neighborhoods to buy a home, we used this list to answer some questions.
What Happens At The Bank When An Appraisal Request Is Made For A Loan?
You have found the home of your dreams, congratulations! The paper work has been obtained and you're hoping for a closing date soon. Your next step should be to get an appraisal in order to understand the true value of your new home, and to get a loan from the bank. So what happens when a bank requests an appraisal for a loan? The majority of real estate appraisals are requested by mortgage companies to determine the property's purchase price for a loan. The appraiser is your safety net against spending more on your home than it’s really worth. It’s also a safety
Why Appraisal Reports Have Flood Maps
The devastation brought on by Hurricane Sandy is going to cost the government billions. From restoring power to rescheduling most major flights, not to mention the personal loss of people's homes and belongings -- all this is a big undertaking. Many residents of homes in flood prone zones don’t always take the necessary precautions when it comes to living in a high-risk home. Of course, no one wants to consider the worst, but as we have all seen, floods are a real threat. So going forward, especially for home owners in coastal regions, what can home buyers and sellers do
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
5 Questions To Ask When Choosing The Real Estate Appraiser For Your Needs
Choosing a real estate appraiser is a vital step in the process of selling your home. So, what five questions can you ask your potential appraiser to make sure that you are choosing the best appraiser for your needs? An independent appraisal sets the value for your real estate property, so the professional real estate appraiser you choose should give an unbiased opinion based solely on the condition of your home and the comparative rates of other real estate properties nearby. There are some questions you can ask your potential appraiser to verify that they have the knowledge and credentials
