3 Tips to Attain a Higher Home Appraisal

January 30, 2015

in Home Appraisal | Tagged , , , , ,

Somewhere between applying for a home loan and the close of escrow comes a most crucial step: the home appraisal. Since the transaction that got you to this point is one in which a buyer and seller agreed on a price, an actual market dynamic, the appraisal is likely to match the purchase price. In [...]

Measuring the Value of a View

August 1, 2014

in Home Appraisal, Tips When Selling a Home | Tagged , , ,

Suppose you own a castle on the flats and your brother owns one high atop a hill that features amazing, unobstructed views. Aside from location, the two castles are identical. Which one has the higher resale value? If you guessed that it’s the hilltop castle, you are correct. When valuing two similar pieces of property, [...]

How Homes are Valued

November 22, 2013

in Home Appraisal | Tagged , ,

Homes are valued a lot like everything else: They are worth what people will pay for them. The Maybach Exelero, the most expensive car in the world, sells for $8 million because that’s what people will pay for it. By the same token, you can ask for $8 million for your Hyundai, Ford or Chrysler, [...]

Does Flooring Add to the Value of a Home?

June 22, 2012

in Home Appraisal, Home Buying Guide, Home Improvement | Tagged , , , , , ,

Real estate agents and brokers from Palm Springs, Calif. to Nashville, Tenn. and Garden City, N.Y. can be found online encouraging homeowners to rip up the carpet and replace it with tile or hardwood flooring to increase the value of their homes. But does flooring really add value? New flooring can add a ton of [...]

Home Appraisal versus Home Inspection

August 28, 2011

in Home Appraisal, Home Inspection

The mortgage settlement process, often referred to as the mortgage closing, can sometimes seem confusing and a little overwhelming. Whether you are buying a new home or refinancing an existing home, there are various fees to be paid and steps to go through. Two steps that are often confused by homebuyers are the home appraisal [...]