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We discussed numerous topics including the key differences between appraisals and comparative market analyses (CMAs), what factors influence property value, and how renovations can impact your home’s worth, among other things. Include both minor updates and major renovations to ensure the appraiser accounts for all improvements.
A title company will provide a title commitment, which is a promise to issue title insurance for the property. Some key points to consider include: Texas is a community property state, which can affect how you sell your home if you’re married. There are strict guidelines for propertytax prorations at closing.
Renovation loan assessments. Reviewing / appealing propertytax assessment. Property division in separation / divorce. To determine capital gains on second or rental properties. Any existing easements or zoning issues. Mortgage financing and refinancing. Estate settlements. View (including negative views).
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