Are Two Appraisals Needed During A Divorce?
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 husband or wife order a second independent appraisal from a different appraiser and agree on a value in-between the two appraisals. Another reason why you might need two appraisals in a divorce is if you had an appraisal completed when first considering to get divorced and
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
What To Look For In An Appraisal Report
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. We want to help homeowners spot check the reports. Here are the top three things to look for when reviewing your appraisal report: 1. Is the subject property reported with the correct bedrooms, baths, garage, pool and etc? Appropriate identification of the subject real estate property is the first
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
Real Estate Foreclosures Fraud Prevention Bill
Normally, we post tips and real estate insider tricks. This time around, we're posting about the most current legal news in real estate foreclosures. An Assembly woman in New York, Helene Weinstein, sponsored The Foreclosure Fraud Prevention Act of 2012. The bill increases penalties for deceitful practices relating to real estate foreclosures in New York. The penalties range from large fines to jail time for people who engage in fraudulent practices. Managers of residential mortgage businesses who know about real estate foreclosures fraud but don't report it will be punished too. Foreclosure is a big concern for home-owners in our
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
