4 Reasons Why Your Mortgage Application Was Rejected

May 22, 2015

in Mortgage Loans | Tagged , , , , , , ,

It’s one thing to decide that you’re ready for homeownership, and another entirely when it comes to getting a loan. What the lender says is all that matters – it will make or break your chance at attaining the American Dream. There are many reasons why applicants may be turned down for a mortgage. Some [...]

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, [...]

The Real Estate Transaction: What Could Possibly Go Wrong?

December 14, 2012

in Home Buying Guide, Tips When Selling a Home | Tagged , , , , , , , , , ,

“Anything that can go wrong will go wrong.” While Edward Murphy was referring to the use of new measurement devices, his rule can be aptly applied to the real estate transaction without a hiccup. From the very first step – getting preapproved for a mortgage – to choosing a real estate agent to the close [...]

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 [...]