Is An “As-Is” Appraisal A Good Idea?
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 candidates for accurate “as-is” appraisals because it is very difficult or nearly impossible to find comparable homes that have sold while in similar states of repair. Plus, when doing an “as-is” appraisal, the home in its current state is not worth the same amount as the home in
How You Can Prepare Your Home For An Appraisal
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 not to do everything in your power to help the situation. Here are some things to consider before your upcoming home sale evaluation: Is all the maintenance work done on your home? Is your home painted and is the lawn neat? These are some obvious
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
Questions And Answers Of Real Estate Appraisals Part II
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 top dollar for your home. Q: What are an appraisers' qualifications? A: Most U.S. states require all real estate appraisers to be state licensed or state certified. They also must have completed educational and experience requirements as directed by the state's industry standards they represent.
Basic Questions And Answers Of Real Estate Appraisals
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? A: Property value is determined in a number of ways. The most common determining factors are: Condition of the home, improvements, location and neighborhood, and housing market trends. Appraiser usually use the three most recently closed comparable sales from within a one mile radius. Q:
Does Your Real Estate Appraiser Know How Real Estate Really Works?
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 10 years. She keeps up-to-date with zoning information and often takes classes online to learn about new methods and matters in business property appraisals. Leslie mentioned an encounter she had with another appraiser at a charity benefit dinner. After speaking to him extensively, she realized
Will Adding A Pool To Your Home Increase The Value By More Or Less Than The Cost?
There is one thing that comes up again and again during home appraisals: Does adding a pool raise a home's value by more or less than the cost to build it? Home swimming pools come in a variety of shapes and sizes and are worth more to some buyers than others -- so there aren't always hard numbers to quantify how much money a pool is worth. For example, in ground pools are valued higher than above ground pools, a family with children may want a pool and a family without may not. Ultimately, The Best Way To Find Out If Adding A Pool To Your Home Will Increase
Colorado Home Appraisal and Green Energy Home Improvement Tips
Recently, Joan from Denver, CO became concerned. Her neighbor told her that energy efficiency upgrades could increase value of Colorado homes. Joan was getting ready to sell and hadn't considered this practice. She came to us to get an online home appraisal and find out if green energy upgrades add value to property prices in Colorado. Overall, real estate appraisers have noticed energy efficiency trends among home owners who invest money to make their homes greener. We have heard stories of sellers who saved hundreds of dollars a month with everything from solar panels to the installation of energy efficient
