3 Tips to Attain a Higher Home Appraisal
January 30, 2015
in Home Appraisal Tagged appraisal, appraiser, home appraisal, real estate, repairs, sale pricesSomewhere 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 appraisal, real estate, value, viewSuppose 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
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, […]
Home Appraisal versus Home Inspection
August 28, 2011
in Home Appraisal, Home InspectionThe 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 […]