If you’re like most homeowners you want to get the most bang for your buck in home improvements. Sometimes certain improvements to your home cost more than the value you get from them. This is one of the most frequent questions I get asked in my job as a real estate appraiser. My answer most […]
An Alternative to Selling in A Slow Market
March 25, 2010 By 4 Comments
As an appraiser I estimate value. My estimate is based on several different methods, however the approach that is usually given the most emphasis is the market approach. This approach, which is also known as the sales comparison approach, utilizes recent sales of similar homes within the subject property’s market area. In today’s economic climate […]
Why So Many Vacant Houses?
March 20, 2010 By 5 Comments
I say this as if I don’t know the answer. I think I know part of the answer. In the day to day business of an appraiser we have to look at lots of houses in the MLS, both closed sales and active listings. I would say that at least half of the ones I […]
How to Find Out the Qualifications of an Appraiser Before You Retain Them
February 21, 2010 By 2 Comments
As a follow up to my last post I thought I would provide practical ways for users of appraisal services to find out the qualifications of the appraiser they want to use before they retain them for services. By doing this first you will not have to regret hiring an appraiser after the fact. Let’s […]
There Is No “Rule Of Thumb” in Real Estate Appraisal
February 15, 2010 By 2 Comments
I often get asked by homeowners how much their home should bring per square foot. This is not an easy question in today’s market. It’s impossible, with any accuracy, to throw out a figure because there are a lot of things that go into how much a home is worth. These include the size of […]
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