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Tag Archive | "home appraisal"

Home Appraisal Basics: What is Real Estate Appraisal?

A home appraisal is the process by which the fair market value of your home is assessed. A real estate appraisal is an essential component of the process of selling a property or refinancing it. Fundamentally, a state-licensed appraiser will utilize the data available to estimate your home’s current market value. This data can come […]

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As Prices Go Up How Soon Can I Refinance My Mortgage?

Don’t Just Churn Your Finances Once you have closed on your mortgage, collected the keys and settled into your new home, you might start thinking about how you can get a better deal. Maybe your payments are high, compared to the market rate, or you want to change the term over which you repay the […]

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The Anatomy of a Real Estate Purchase

Buying real estate can be an overwhelming process right from the first steps, processes and details both for first time buyers and seasoned homebuyers. If you’ve never been this road before, you probably don’t have the slightest clue as to what to expect or how the process begins. Fact is that things work differently in […]

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How to Measure Your Home’s Square Footage

Determining the size of a house or its square footage is one of the misleading and confusing metrics in the home building and selling business. The problem is that no one person uses a set standard to measure a home’s square footage, but rather do it differently. However, there has been a move in recent […]

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Home Appraisal Basics: Who Needs An Appraisal?

When it comes down to the home appraisal basics what matters is the value that the lender will agree on as much as what the seller is willing to accept. This is because in many ways real estate sales are complicated transactions that involve large investments and the work of many interested parties. Home Appraisal […]

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How Do Comparable Sales Affect Your Appraisal?

The term comparable sales refers to the price of any similar land or property generated at this time compared to the potential market sale value of your property, it is the most commonly used appraisal method in residential real estate. The comparable sales are used to appraise the residential homes and properties in an area. Therefore, […]

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How Comparable Sales Affect Your Appraisal: Comp Sale Basics

Comparable sales are used to appraise residential properties in the same area. Such a sale is generally known as a comp sale, and is an important factor in determining the value of homes is similar neighborhoods Fundamentally, when appraising a property, an appraiser will check out the selling price of homes of the same size […]

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Home Inspections: Reasons for Attending a Home Inspection

Home inspections are important to home buyers, and it is worthwhile for you to attend a home inspection when buying a home. It’s also important that you understand the difference between a home appraisal and an inspection. Here is a brief explanation of that difference: Home Appraisal The appraisal is carried out by an appraiser […]

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Home Appraisal Basics: What is Real Estate Appraisal?

A home appraisal is the process by which the fair market value of your home is assessed. A real estate appraisal is an essential component of the process of selling a property or refinancing it. Fundamentally, a state-licensed appraiser will utilize the data available to estimate your home’s current market value. This data can come […]

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