4 Reasons Why Your Mortgage Application Was Rejected
May 22, 2015
in Mortgage Loans Tagged application, appraisal, appraised value, credit score, DTI, income, loan, mortgageIt’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 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, […]