I was asked a great question by an agent this week that I thought I would share with you. Before we get into that though I would like to let you know that I am available to answer any appraisal related questions you may have. I can be called, emailed, or you can even text […]
What items are NOT included in an appraisal?
August 6, 2013 By Leave a Comment
So have you ever had an appraisal made on your home and you thought the appraiser may have left something out? Was it some feature of your home that you found great value in and you could not understand why it was not included? If the appraiser did leave something out there may be a […]
Can an appraisal be used to arrive at an insurable amount?
July 22, 2013 By 8 Comments
I got a question recently from a homeowner whose house I recently appraised for the purchase mortgage. They wanted to know if they could use the appraisal to determine how much the home should be insured for. I’ve gotten this question before so I thought I would share with you my answer since it seems […]
Appraisal vs CMA vs BPO – What’s the difference?
July 1, 2013 By 12 Comments
Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]
When is price per square foot NOT a good indicator of market value?
June 5, 2013 By 15 Comments
A few days ago I had a real estate agent friend ask me how much homes were appraising for per square foot in a local neighborhood. It was a very good question, especially for anyone who wants to get an idea of their home’s value. And because I get asked this question a lot I […]
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