What is gross living area in an appraisal?

What’s the big deal with gross living area? There is a direct correlation between the amount of gross living area in your home and its market value. If everything else is the same, a home with greater square footage (gross living area) will typically be worth more. During an appraisal, the appraiser will take measurements […]

What first time home buyers should know about the appraisal process

First time home buyers: Don’t let appraisals confuse you I get it. Appraisals can be confusing. That is why I wanted to take a minute this week to help explain what first time home buyers should know about the appraisal process. If you are a first time home buyer and have a question that is […]

How agents can use multiple offers to help the appraiser

Got multiple offers? I think agents are missing out on a secret weapon at their disposal. What is the secret weapon your ask? Multiple offers. As you probably know, multiple offers can occur during the sale of a home when more that one party wants to purchase the property. This can occur when the number […]

How do you appraise an in-law suite?

A reader’s question about appraising homes with an in-law suite I was recently asked a question by real estate agent Tammy Anderson about how appraisers might appraise an in-law suite. She was specifically curious about whether a second kitchen and entrance might cause trouble in the valuation. If you have any further questions about an in-law […]

10 Appraisal mistakes new agents make and how to avoid them

Common appraisal mistakes new agents make Are you a new real estate agent? Are you unsure about the appraisal process? If you answered yes to these questions then this post is for you. There are numerous potential appraisal mistakes new agents make but by becoming familiar with the items discussed here you can reduce the […]

 

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