As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. What Is A Hybrid Appraisal? A hybrid appraisal is one that is done […]
New Homebuyer’s Guide To Appraisals
September 14, 2022 By 2 Comments
What New Homebuyers Need To Know About Appraisals If you are a new homebuyer, welcome! Buying a home can be a confusing process, however, I hope that you have been able to surround yourself with knowledgable professionals who can help you navigate your first home purchase and make it an enjoyable experience. In this new […]
6 Things To Consider When Comparing Your Home To Recent Neighborhood Sales
August 23, 2022 By 5 Comments
How Should You Compare Your Home To Recent Neighborhood Sales? Are you curious about the market value of your home? Have you seen nearby homes sell and wondered how your home might compare to recent neighborhood sales? If so then this post is for you. It’s human nature to believe that your home is the […]
6 Reasons Your Home May Not Appraise In Today’s Market
July 7, 2022 By 12 Comments
What Are Some Reasons Your Home May Not Appraise? With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property […]
Understanding The Appraisal Part 3: The Cost Approach
March 10, 2022 By 4 Comments
A Closer Look At The Cost Approach There are three approaches to value that can be used in a residential appraisal. They are the sales comparison approach, the income approach, and the cost approach. Today I will be explaining the cost approach to value. This approach is not given as much attention as the sales […]
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