Aug 05, 2012
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…View the full report…
Jul 30, 2012
A local appraiser we work with recently received a call to appraise a home in Florida. The home owner said that his home consisted of 2 acres of land and a partially built residence. He wanted to know if an “as-is” appraisal for the property was a good idea. Normally, homes that are under construction are not good…View the full report…
Jul 24, 2012
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…View the full report…
Jul 20, 2012
The answer really depends on your individual situation. What most of our clients do is just order one appraisal when divorce proceedings are getting close. If the husband and wife can agree on the value then there is no need for a second appraisal. In cases where they can not agree on the value, the…View the full report…
Jul 14, 2012
It’s common knowledge that homeowners prepare their homes for home sales. They clean and make sure that all possible repair work has been done before the real estate agent and potential buyers visit. It’s essential to prepare your home for an appraisal as well. The process leads to a sale and there is no reason…View the full report…
Jul 09, 2012
You should review your home appraisal report to make sure it was done accurately. The appraisal document contains a lot of information that leads to determining the value of a home. Homeowners should take care to review the appraisal report carefully. As appraisal specialists, we want to help you better understand what to look for in an appraisal report….View the full report…
Jul 02, 2012
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…View the full report…
Jun 21, 2012
In the first installment of this series, we covered many of the basics. Since then, we listened to our clients and made a list of other frequently asked questions for appraisers. We hope this helps clear up any confusion regarding the real estate appraisal process because ultimately, we are all working together to get you…View the full report…
Jun 16, 2012
We often get the same questions asked by different clients. In this blog post, we decided to take some of the most frequently asked questions and create a “most common questions for appraisers” post. This is a basic crash course in appraisals and the first installment for this series. Q: How is home’s value determined?…View the full report…
Jun 11, 2012
It may seem preposterous that a home appraiser doesn’t know how the real estate market really works. Yet, this is sometimes a reality. For example, we recently had an alarming conversation with Leslie and Mike W., a couple living in Tampa, Florida. Leslie is a commercial appraiser and has been in the business for over…View the full report…
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