Apr 24, 2013
A common question I get is, “What is the difference between a desktop appraisal and a full appraisal?” I’ll be the first to say that there aren’t many differences between the desktop appraisal and the full appraisal in terms of the comparable selection and the research. However, as with any two different things, there are factors to…View the full report…
Apr 17, 2013
When I think about me or any of my local appraisers just ten years ago, walking around with notepads and measuring tape, it feels so old school! Now, of course, we’ve progressed. We use cutting edge appraisal technology to simplify our lives and to make appraisals more precise. Here’s how appraisers are using new technology and how…View the full report…
Apr 12, 2013
As the real estate market continues to grow, more home buyers and sellers are coming across a common issue: An appraisal that is too low! After all, valuations must be based on recent comparable sales, or “comps,” and in some cases the rising rate of home sales does not match the rates of homes sold previously….View the full report…
Mar 10, 2013
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…View the full report…
Mar 04, 2013
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;…View the full report…
Feb 26, 2013
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,…View the full report…
Feb 12, 2013
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…View the full report…
Dec 01, 2012
The thrill of negotiating or bargaining a sales price appeals to many of us. Once, on a vacation with my family in Barbados, we spent time bargaining with local salesmen on antiques. This was, of course, a big part of the fun. When it comes to appraisals, I’ve heard people ask if there is any room for negotiating,…View the full report…
Nov 01, 2012
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…View the full report…
Oct 07, 2012
A real estate appraisal develops an opinion on the value of a property. Most often, the use is to determine the market value of a home for a buyer and seller. However, because no two properties are alike and they may serve different needs such as a commercial space versus a home, there are different types of values sought…View the full report…
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