March, 2015

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Price Per Square Foot Analysis? Why Appraisers Don’t Use It

JMV Lending

Realtors and buyers often rely on a “Price Per Square Foot” analysis, but appraisers often cannot for a variety of reasons. This is a message we repeat from time to time. If comparable sales involve similar-sized homes, of similar age, on similar lots, then a “price per square foot analysis” works. But, if a 1,200 […] The post Price Per Square Foot Analysis?

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Thinking of hiring the cheapest appraiser?

Sammco Real Estate Appraisal Group

If you have never worked with an appraiser before, you probably wouldn’t realize that all appraisers are not created equal and can be very different depending on their experience, education, and knowledge of your market area. . Anyone who has had a bad experience with an appraiser because they hired the cheapest and fastest will tell you it’s simply not worth the risk.

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Cash Buyer? You Still Need an Appraisal

Round Rock Appraisal

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Paying Too Much For Too Little. Cash buyers are not looking into financing, but caution is still be practiced. Purchasing a home is the largest investment most people will ever make in their lifetime.

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What Makes Buyers Overpay for Homes?

Texas Home Appraisal Blog

In the world of real estate and buyers, there seems to be a little imbalance in what the actual value of a home might be and what a buyer might be willing to pay. In many cases, a buyer will overbid on a property even though the neighborhood, the age of a particular home or even what a realtor believes is way over the mark. Appraisers When sellers bring in appraisers, obviously, they want the.

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How to Buy a Lake House in 4 Easy Steps

Zillow

Many people dream of finding the perfect lake house. But once you’ve found it, is it really that easy to buy and finance the home? It is if you follow these four steps. 1. Decide how you will use the home Before estimating your lake house purchase costs, you need to consider how you intend to own and use the property. You have three options: Primary residence.

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FHA Kitchen Requirements

Sammco Real Estate Appraisal Group

FHA does not require that all kitchen appliances be present. The issue regarding appliances is whether they’re ‘built-in’ or ‘slide-in.’ Built-in appliances are considered to be real property and are required by FHA however; slide-in appliances such as a slide-in stove are considered personal property and therefore are not typically required by FHA.