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Record Share of Million-Dollar Homes Makes Buying More Challenging

Appraisal Buzz

Even more expensive properties are seeing price increases: In Q2, the median sale price of luxury homes in the U.S. Many Bay Area buyers–especially those without tech money–are getting more selective, jumping ship if a small problem comes up in, say, the inspection. reached a record $1.18 million, up 9% year-over-year.

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5 Contingencies You Should Never Remove When Buying a House

Realtor

Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems. Well water/septic system inspection. Mold remediation.

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Benefits of Appraising Luxury Homes

Appraisal Hub

Do you own a luxury property in Toronto? Getting it appraised is one of the important things you need to do on a regular basis. A luxury home undoubtedly has special features that only a professional appraiser can identify and understand. That report should help you understand your Toronto home’s appraisal value.

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Drones for Real Estate Photography and Appraisals

D Fritz Appraisals

First used to highlight luxury properties with state-of-the art video listings on real estate websites, the use of aerial drone photography and videography for real estate transactions is now commonplace. Drones for Real Estate Photography and Appraisals – Four Key Benefits: Drones Can Capture a High Level of Detail.

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4 Top Reasons to Become a Luxury Home Appraiser

McKissock

So, you don’t have to live in an area full of sprawling mansions and multi-million-dollar homes to become a luxury home appraiser. There are many reasons why appraising luxury homes is recommended for real estate appraisers. The luxury market is stable. Luxury home appraisers offer a unique skill set.