The third and most important person who determines the value of a home is a potential buyer. A buyer decides exactly what he/she is willing to pay at a specific time in a given market. Assessors and appraisers will use the purchase price to help determine the value of that specific home, as well as […]
Tag: real estate
Real Estate Appraisal – Value Is In The Eyes Of The Beholder – 3
What exactly is an appraisal? It’s a reliable estimate of a property’s value required by Federal and state laws when a lending institution is involved in a transaction, such as in a purchase or refinance. There are 3 basic approaches to estimating real estate value. The Cost Approach calculates how much it would cost to […]
Real Estate Appraisal – Value Is In The Eyes Of The Beholder – 2
A real estate appraiser is another person who determines a home’s value. The appraiser typically works with a lender to help determine the property’s fair market value to make sure the lender is making a wise investment. An appraiser’s role is very important in the home buying process. If the home is appraised for less […]
Real Estate Appraisal – Value Is In The Eyes Of The Beholder – 1
There are always plenty of people willing to tell you what they think your home is worth but in the real world, only 3 people really count. Your local Assessor determines the value of your land and improvements for property tax purposes. It’s important to remember that your home’s tax assessed value might not […]
Building A New Home – Rural Site Selection
If the land you’re considering is not developed, you’ll need to do additional research regarding septic systems, wells, and land usage. Were perc tests performed? They determine if the soil is suitable for a conventional drain field. If the soil does not perc you’ll need to install a mound system. The location of […]
Building A New Home – Subdivisions
When selecting a site for your new home, first determine if you want to build in an existing, developed subdivision or on undeveloped rural property. There are different questions to ask for each. Here we’ll discuss developed subdivisions. When thinking of an existing development, before making a final decision, research how the immediate area […]
Building A New Home – Pre-Site Selection
You really can’t start to design a home without knowing the land it will be on, so the home building process actually starts with looking for land. It’s your first and most important decision and a little forethought will be helpful before looking through the paper or driving around looking for subdivisions. Before you […]
Preparing Your Home For Sale – The Interior
In Part 1 we talked about some exterior tips to enhance the “curb appeal” of your home as a prospective buyer’s first impression starts to develop within 15 seconds after arriving at your property. Inside your home, natural light should always be maximized. Keep windows cleaned, open drapes and blinds and make sure all […]
Preparing Your Home For Sale – The Exterior
A home seller typically has one main concern when deciding to put a property on the market – how to get the best price in the shortest time frame. Put on your buyer’s shoes when thinking about your home and don’t underestimate the impact small details can have about the perceived condition of your home. […]
Home Remodeling – Replacement Windows
Replacing old windows not only dresses up an older home but also contributes to lower heating and cooling costs. You should consider replacing your windows if they have: – Rotting sash or frame usually caused by water damage resulting from neglecting to maintain the interior/exterior finish on the sash. – Poor weatherstripping around sash. […]
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