Realvals
DECEMBER 30, 2016
Every job field has their set of terms that most of the time, no normal person has any idea what they mean. These kinds of terms just become part of your everyday vocabulary after working in a certain field for awhile and eventually you don’t even realize that no one has any idea what you are talking about when you use them. Here is a list of real estate appraisal terms.
Realtor
DECEMBER 16, 2016
Adam Gault/Getty Images; realtor.com Even in the hottest markets, selling a house is by no means a transaction that happens overnight. Every step—from listing your house to getting an offer to closing—takes time. But how much time? To help you pace yourself, here are the steps to sell a house, and how long each one typically takes so you can plan accordingly.
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CM Appraisals
OCTOBER 24, 2016
By Tom Horn Price per square foot is media darling of value While scanning the news headlines this week I ran across an article titled “What Is the Average Price per Square Foot for a Home — and Why Does It Matter?” Because I am an appraiser this caught my eye for various reasons. The article pointed out that you can use the average price per square foot of the sales in the neighborhood to gauge whether you are getting a good deal when buying a house.
CP Home Appraisals
OCTOBER 20, 2016
The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. This creates misleading results in appraisal reports and can lead to an incorrect conclusion of value. For starters, let’s give some basic definitions for each of these real estate terms: A Real Estate Market is an area, usually geographically constrained, where buyers and sellers come together to make transactions.
MN Real Estate Services
JUNE 24, 2016
New warning lights for rising home prices. Home prices are crossing the line again. After an epic housing crash, where values plummeted nationally by almost 35 percent, the nation is seeing new highs again. The median price of an existing home sold in May hit a record $239,700, according to the National Association of Realtors, which began tracking prices in 1968. “We are seeing flashing yellow lights on affordability.
Anthem Valuation
FEBRUARY 25, 2016
Families are looking for more functionality in their homes along with durability. [link] age materials in residential housing construction emphasis durability and modern design. The post A Modern Home on Lake Minnetonka appeared first on Anthem Valuation Blog.
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Mores Appraisal Group
SEPTEMBER 6, 2016
Understanding the value of residential properties is crucial for effective estate planning. Recently, we performed a detailed appraisal of a 20-unit residential apartment building […] The post In-Depth Valuation of a Residential Apartment Building in Norwalk appeared first on.
Texas Home Appraisal Blog
AUGUST 20, 2016
The area known as West Campus near University of Texas is a hot spot for condos sales and rentals due to the obvious transient nature of the market area. Each year students, specifically upperclassmen, go on the hunt for a suitable off campus property for the next few years of college. Likewise, many graduates are moving away from the college scene and into apartments more suitable for young professionals.
Lifestyle Properties of Maine
JUNE 22, 2016
We look forward to making this the best resource for information about real estate, our local area, and current topics that impact you. Please feel free to comment on our posts if you have questions or reactions to share. If there is anything you'd like to see us write about, we'd love to hear your ideas.
Realvals
DECEMBER 30, 2016
For homeowners or clients who have limited knowledge of appraisals, here is a list of the different types of appraisal forms that us appraisers typically use. While some of these forms do not apply to every property, these are the typical real estate appraisal forms used by most appraisers in most situations. Residential Property Forms. Appraisal forms can be divided into a few categories, but the main two are residential and commercial forms.
Realtor
DECEMBER 16, 2016
Adam Gault/Getty Images; realtor.com Even in the hottest markets, selling a house is by no means a transaction that happens overnight. Every step—from listing your house to getting an offer to closing—takes time. But how much time? To help you pace yourself, here are the steps to sell a house, and how long each one typically takes so you can plan accordingly.
Realtor
DECEMBER 15, 2016
AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But even if you reach an agreement, the negotiations may not be over. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. So that means you’ll need to get one more opinion on how much the property is worth.
Realtor
DECEMBER 15, 2016
AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But even if you reach an agreement, the negotiations may not be over. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. So that means you’ll need to get one more opinion on how much the property is worth.
Realvals
DECEMBER 13, 2016
Before setting up an appraisal for direct clients, we are almost always asked how the appraisal process goes and what one should expect from a home appraisal. The answer is almost always the same, which is why I decided to write this guide. One thing to note ahead of time is that the majority of the work is done behind the scenes. All the client ever actually sees is the inspection (If you are the client), and the final report.
Realtor
OCTOBER 21, 2016
Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition.
CM Appraisals
JULY 6, 2016
Ryan Lundquist 10 Comments Paying close attention to a property’s previous sale can be a big deal. I know it’s tempting to say value is all about the current market, but sometimes looking at the past can help us understand the present. Here are some reasons why I pay attention to previous sales. Any thoughts? 5 things to consider about a property’s previous sale : READ MORE.
CM Appraisals
JUNE 21, 2016
By Tom Horn Time to complete an appraisal can varyThe most common question I get after leaving a home on an appraisal assignment is about how long it will take to complete an appraisal and get the report back. This is understandable since the owner or buyer is nervous and might worry that their house may not appraise for what they think it should. The length of time it takes to complete an appraisal will vary depending on many factors which we’re going to discuss today.
CM Appraisals
APRIL 8, 2016
Curious about how appraisers reconcile value? April 5, 2016 By Tom Horn After completing a pre listing appraisal assignment recently the homeowner asked me a question. He was interested in how I came up with the value I did given the range that the sales provided. Being able to explain the appraisal process to help inform and educate the public is one skill that they don’t tell you about when taking your basic appraisal courses.
Realtor
MARCH 9, 2016
A home appraisal coming in low can sound like a death knell for a home purchase. Unfortunately, it happens: A low appraisal can complicate an already bumpy home-buying process. Suddenly, you find yourself in a conundrum: Your bank will fund a loan only up to the appraised value. So do you walk away from the sale? Do you fork over more money to cover the difference?
CM Appraisals
FEBRUARY 17, 2016
February 16, 2016 By Ryan Lundquist The other day a home owner was upset because he thought his appraisal came in too low. Yes, he was hung up on price per sq ft, which was a big issue, but most of all he believed the home should have been worth way more since there were almost no other homes listed for sale on the market. His thought was, “There’s no inventory, so I’m going to command top dollar.” After all, isn’t real estate about supply and demand?
CM Appraisals
JANUARY 25, 2016
January 25, 2016 By Ryan Lundquist Would you pay more for a house with higher ceilings? I probably would, but I guess it depends. The ceilings in my home are a standard 8 ft. Would I have paid more if they were 9 ft? Probably. But what about 23 ft? No, that would be too high. Someone asked me a question recently about the value difference of ceiling height, and I thought kicking around some ideas here could open up a great discussion.
Realtor
OCTOBER 21, 2016
Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition.
CP Home Appraisals
OCTOBER 20, 2016
The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. This creates misleading results in appraisal reports and can lead to an incorrect conclusion of value. For starters, let’s give some basic definitions for each of these real estate terms: A Real Estate Market is an area, usually geographically constrained, where buyers and sellers come together to make transactions.
Anthem Valuation
FEBRUARY 11, 2016
The two suburbs of Edina and St Louis Park while bordering each other have very different landscapes in terms of the likelihood of a home being torn down and rebuilt. Edina’s premier school district is likely the biggest driving factor in the decision for young families to build in Edina. [link]. The post How Edina and St Louis Park Are Changing in Different Ways appeared first on Anthem Valuation Blog.
Anthem Valuation
FEBRUARY 1, 2016
Planned amusement theme park and water park to open in 2017. The job growth this project will create will likely drive demand for housing in the NW metro for years to come. Historically, employment and access to employment are primary drivers in locational appeal of residential real estate. [link]. The post New Development Coming to NW Metro appeared first on Anthem Valuation Blog.
Anthem Valuation
JANUARY 28, 2016
The housing demand for multi-family development has continued to increase in the western Twin Cities metro suburb of Maple Grove. These 371 apartments under development trails only the city of Minneapolis (611 units under development) and Blaine. (430 units under development). [link]. The post Affordable Housing Expansion in Maple Grove appeared first on Anthem Valuation Blog.
Anthem Valuation
JANUARY 14, 2016
The number of million dollar plus home sales within the Twin Cities metro area in the past year 491 and counting has passed the number 453 that sold in 2005 at the peak of the last real estate cycle. Additionally, the supply of homes in that price range has decreased from a 38 month supply in 2009 versus a 13 month supply today. [link]. The post What’s Happening in Upper End Home Sales in the Twin Cities?
Zillow
DECEMBER 6, 2016
When you’re preoccupied with important relocation-related tasks, it’s easy to forget about informing relevant people and institutions of your upcoming residential move and subsequent change of address. But notifying specific organizations and individuals of your relocation is essential for ensuring a smooth moving process and preventing various hassles and troubles with your mail and accounts.
Zillow
NOVEMBER 24, 2016
By Barry Bridges The term “mother-in-law apartment” seems straight out of the Don Draper era - a sardonic reference to strained relations between married couples and parents. These days, many homeowners are turning to these separate-but-joined living quarters as a way to reduce friction in their daily lives, not increase it. A "mother-in-law apartment" is an accessory dwelling unit (ADU), a separate living space that is either attached to or located on the same grounds as a single-fa
Zillow
OCTOBER 31, 2016
There comes a time in many homeowners’ lives when it’s just time to move on to the next home. Maybe it’s because of a job change, the arrival of a kid (or more kids), a marriage or divorce, or you just don’t like where you live anymore. Many millennial homeowners - who represent half of all home buyers these days, according to the Zillow Group Consumer Housing Trends Report - are ready for that next home purchase.
Zillow
SEPTEMBER 24, 2016
It’s standard practice in real estate to give a home a fresh coat of paint before putting it on the market. Nine out of 10 times, the intention is to show the property at its best. But every so often, the seller paints the house in hopes of covering something up. In most parts of the country, sellers (and agents) are required to document any known defects - whether current or past - to potential buyers.
Zillow
SEPTEMBER 6, 2016
It's every home buyer's worst nightmare: Finding a house within striking distance - of your price range and work- that quickly turns into a money pit. On the flip side of the fixer-upper experience is someone like Jordan Brannon, a director of digital strategy in Spanaway, WA, near Tacoma. Although he's sunk considerable money into his two-story, late-1990s home, he feels it was a good investment.
Mores Appraisal Group
SEPTEMBER 6, 2016
We recently appraised a Commercial Marijuana Operation in the Central Valley area for the purpose of private money lending. This newly emerging enterprise within the State of California is only allowed by certain cities. On October 9, 2015, the Governor signed the Medical Marijuana Regulation and Safety Act (MMRSA), comprised of California legislative bills AB 243, AB 266, and SB 643.
Zillow
JULY 25, 2016
You've made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. Now it's time to put some money down to show that you’re serious about moving forward. The amount of money a buyer puts down (and when it’s put down) varies by state and local market. For many, it's a few thousand dollars, up to three percent of the purchase price.
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