Can You Negotiate The Appraised Value?
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, as in when a home sells and the seller and buyer negotiate certain terms. The short answer is not really, but here are some options for the longer answer: If the home buyer and seller agree on a price, can the appraiser appraise it lower or higher
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
The Latest In Celebrity Real Estate
Like celebrity marriages, celebrity real estate changes hands so frequently that it is often impossible to keep up. Lucky for you, we have rounded up this month's biggest sales and real estate news in Tinseltown-- which now stretches all throughout the world! Michael Jackson's Final Home Sold for $18.1M Michael Jackson's death shocked the world. Now, the home in which he lived his last days (and died in) has just been bought for a $18.1 million. Yet, the most shocking detail of this sale is that the original asking price was $38.5 million. The 17,000-square-foot home boasts seven bedrooms and thirteen bathrooms. It's
Crazy Appraisal Stories From The Front Lines!
The home appraisal profession is not often considered a dangerous job. Most appraisers can be in and out of a client's home within just a few hours. Other than a messy house, the work usually goes off without a hitch. Well, if that's been your experience, consider yourself lucky because we've decided to gather some of the most hilarious and totally off-the-wall stories we've ever heard in the business. If you've got stories to share, go ahead and email us and we'll compile another post dedicated to crazy appraisal stories. Home Appraisal In Anchorage, Alaska Goes Wild Many years ago,
Why Appraisal Reports Have Flood Maps
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 it comes to living in a high-risk home. Of course, no one wants to consider the worst, but as we have all seen, floods are a real threat. So going forward, especially for home owners in coastal regions, what can home buyers and sellers do
The Secret Of A 48-Hour Home Appraisal Makeover
We love success stories for home buyers and sellers. When someone gets a low figure for their home and finds ways to fix up some of the issues and sell for a better rate, we are overjoyed. The housing market is confusing enough as it is, so when we hear good news we share it. A recent ABC News report stated that the housing market median home prices have risen since last July. This is great news for the millions of U.S. citizens with their homes on the market. The better news is that the program also offered a 48-hour
Kanye West And Kim Kardashian House Hunt
Photographers caught love birds Kim and Kanye in Miami, Florida recently. This wasn't a regular lunch date for the two, in fact, it seems that they were house hunting for their next dream house. As you can imagine, the duo were not looking for fixer-uppers. Instead, they were looking at ritzy waterfront properties with lots of space to fit their extensive shoe and fashion collections. It is well known that Kanye has well-over 200 pairs of sneakers. And of course, Kim will want to invite the Kardashian clan over and Kanye will probably want a recording studio. Kim Kardashian and
The Types Of Values Sought With An Appraisal
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 with an appraisal. In order to determine what type of value you seek with your appraisal, take a look at some of the varying types. Some of the most common include: Market Value – This is the estimated value for which a property could exchange between a buyer
The What, How And Why Of A Bankruptcy Appraisal
If you are filing for bankruptcy, getting a bankruptcy appraisal may be one of the most important things you do. Filing for bankruptcy as a means to control of your finances is a difficult, yet sometimes necessary procedure. When you file, you must provide the court with transparent records of your income, debt and any other financial affiliations. While gathering current bills, collections statements and bank statements may not be so complicated, providing the value of your home is trickier. There are several types of bankruptcy filings. Briefly, a Chapter 13 bankruptcy stipulates that the debtor prepare a repayment plan with creditors, and a Chapter 7 states that
