Low Real Estate Appraisal? Here’s What To Do
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. In this article, I'll cover what to do if you get a low appraisal. But first, you need to ask why? Why is the appraisal lower than your expectations? This may have occured because as home rates continue to recover from the housing crisis of
After Twenty Years, Real Estate Ads Come Back To The Super Bowl
If I told you that it has been 20 years since a real estate ad has aired during a coveted (and expensive) Super Bowl commercial slot, would you believe me? It sounds improbable that real estate giants would forgo the biggest advertising experience of the year for that long, and yet its true. Thankfully, the real estate silence has been broken Century 21 Real Estate, and once again real estate has come back into the spotlight. Century 21 Real Estate's 30-second ad ran during the third quarter of this Sunday’s Super Bowl. The commercial showcased Donald Trump, Apolo Ohno, Olympic speed
New Reality Show Alert: Scoring the Deal
Sometimes reality television shows are like nails on a chalkboard: Horribly annoying! Other times, reality TV ideas intrigue us. In the case of a new HGTV reality series called "Scoring the Deal," real estate agents attempt to sell homes to celebrity athletes. The question is, this show going to be a hit? Successful athletes are an interesting case study in home ownership. They are more than likely to make impetuous decisions. Why? Because if they are traded or sign a contract, they have to move quickly. Also, because their fortunes come quickly and can go at the same speed. Host Jason Abrams, who is a broker
Real Estate Appraisal Schools
At Thanksgiving dinner, my nephew said he wants to go into the family business. He asked me to recommend some schools for him. I figured it might also be helpful for anyone else out there curious about becoming a real estate appraisal professional. So, here are some resources for you if you want to know more about the real estate appraisal business: Department of State, Division of Licenses has a great page that talks about licensing state to state and where some appropriate courses are offered. Click here to see more. Here are some schools that offer appraisal accreditation: Appraisal
Determining Real Estate Value During Divorce
As far as divorce proceedings go, for most couples, the home is a major shared asset. The first step in dealing with the splitting of assets is to determine the real estate value during divorce. Use An Appraiser An appraiser is the best way to help determine the value of your assets. They are better trained in this situation than a Realtor. Further, a tax assessment value is not actually an accurate method of determining value. Understanding The Difference Between Marital And Non-Marital Equity There are classifications of assets. Some get divided during a divorce and others don't. This is determined mainly
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
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
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
