Monthly Archives: July 2014

Determining a Homes Worth

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Purchasing a home is a large financial investment. Between down payments, mortgage rates and closing costs, it’s important for homebuyers to make sure they’re paying the right amount. Many factors go into a home’s worth, whether it’s current market conditions, location or any number of other components. When coming up with a purchase offer, prospectivePurchasing a home is a large financial investment. Between down payments, mortgage rates and closing costs, it’s important for homebuyers to make sure they’re paying the right amount. Many factors go into a home’s worth, whether it’s current market conditions, location or any number of other components. When coming up with a purchase offer, prospective buyers should take these factors into


The Value of Energy Efficientcy

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There is an assumption that an efficient home is a more valuable one. Certainly an efficient home is more appealing to buyers, but does that transfer dollar for dollar to the value of the home? When it comes to the appraisal, the answer might surprise you. When appraising a property that has been upgraded toThere is an assumption that an efficient home is a more valuable one. Certainly an efficient home is more appealing to buyers, but does that transfer dollar for dollar to the value of the home? When it comes to the appraisal, the answer might surprise you. When appraising a property that has been upgraded to be more efficient whether from solar panels, energy efficient windows, or air


What is a Comparable?

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Most major mortgage lenders require at least three comparable properties to be included in every appraisal report. However, the appraiser analyzes all sales in the neighborhood in order to develop market trends, even if they choose not to use them in the appraisal report. But that leaves us asking why? Why were some sales ruledMost major mortgage lenders require at least three comparable properties to be included in every appraisal report. However, the appraiser analyzes all sales in the neighborhood in order to develop market trends, even if they choose not to use them in the appraisal report. But that leaves us asking why? Why were some sales ruled out and why were others used as comps in the report? You will find