Think You Understand Price Per Square foot? Have you ever wondered how appraisers calculate the price per square foot of a home? If so, then I hope you’ll keep reading because I would like to clear up some confusion about how to calculate this popular metric and share my thoughts on how much importance we […]
How Many Comps Are Required In An Appraisal?
August 30, 2018 By 3 Comments
What Are Comps? As you may or may not know comps are short for “comparables“. Sales comparables are recently sold, listed, or contracted properties that would be a good substitute for the subject property being appraised. Comps are used in the sales comparison approach to value. This approach is one of three that is traditionally […]
Is a Pre-listing Appraisal Still a Good Idea?
August 23, 2018 By 5 Comments
Should I Get a Pre-listing Appraisal? I recently ran across an article where a homeowner was asking a real estate agent whether they should get a pre-listing appraisal on their home prior to selling. The answer the agent gave interested me because it contained numerous errors and misunderstandings about appraising and appraisals. I have been […]
Who Is The Mortgage Appraisal Meant For?
August 17, 2018 By 2 Comments
Who owns the mortgage appraisal? There can be some confusion about who owns the mortgage appraisal and who it is meant for in a home purchase transaction so I thought we’d discuss this topic today. If you are purchasing a home you will want to read this because most people do not understand how the […]
5 Reasons To Include an Appraisal in the Estate Planning Process
August 7, 2018 By 8 Comments
Estate Planning and Appraisals Estate planning is an important part of an overall financial plan for you and your family. Since your home and other real estate that you own is a significant part of your overall wealth it is important that it be handled correctly. Today I thought I would share some thoughts on […]
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