Posts Tagged ‘appraisal’
How Appraisers Pick Comps
Appraisers have to be really methodical about how they pick comparable properties, or comps, when they are doing home appraisals. There are extensive guidelines from Fannie Mae, Freddie Mac, and the FHA about what constitutes an appropriate comp for a home appraisal. Here’s a peek into how appraisers pick comps and how they affect a…
Read MoreThe Difference Between Sales Price and Appraisal Value
You may wonder why a home’s sales price and appraisal value sometimes don’t match up. Whether you’re buying a home or selling a home, it’s important to know how they can differ, especially in today’s hot housing market. Home Sales Price The housing market is, of course, influenced by the fluctuations of supply and demand.…
Read More2021 Housing Market Outlook
Everyone’s excited that 2021 is finally here, and we can’t blame them! We’re excited for the new year, too. Even though 2020 was a bummer for so many reasons, the housing market was not one of them. In fact, it was a bright spot in the economy, and no one expects that to change this…
Read MoreWhat to Consider When Buying a Distressed Property
If your clients are wondering what a distressed property is and what that means, here’s what they need to know about how it can help them buy a home when there aren’t many options. The housing market around the country is hot, and there isn’t enough inventory to go around. Enter: distressed properties. What does…
Read MoreReasons Why Appraisals Come in Low
It’s a frustrating thing to buy or sell a home and find out that it’s not worth what you thought it would be. The real estate industry is no stranger to low appraisals, especially in today’s market, and there are plenty of reasons why they happen. From improvements not being worth what you expected to…
Read More5 Ways Your Clients Can Get Homes Ready for Appraisal
How can your clients get homes ready for appraisal? We all know that one of the most important parts of a home transaction is the appraisal process, and sometimes it can seem a little mysterious. Why do homes appraise the way they do? It’s actually pretty simple. An appraiser is looking at the bones of…
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