A Homeowners Guide To The Different Types of Appraisals
Welcome to my overview on the different types of appraisals used in real estate. Read through for an understanding of […]
7 Situations When You’ll Need An Appraisal
If you’re using a lender to purchase a home or property, they are most likely going to require that a
Date of Death Appraisal | Estate Planning
Settling an estate often requires a Date of Death Appraisal to determine the fair market value of real estate at the time of an individual’s passing. Necessary for tax assessments, estate planning, and legal disputes, the process involves hiring a qualified appraiser who employs standard valuation methods. Appraisals must meet IRS qualifications and are recommended to be done promptly post-decease to ease the estate settlement process. Costs vary, but can typically range from $300 to $700, depending on the property type.
Home Buying Process Timeline: A Step-By-Step Guide
Thinking about buying a home but not sure what actually happens between getting pre-approved and getting the keys? You’re not
10 Things The Appraiser Won’t Share with You
Are you having your home appraised? Be ready for a few surprises. Appraisers tend to keep quiet about their trade
Does a Fence Increase Property Value?
Installing a fence yields a modest ROI of 30-40% but can enhance appeal, especially in busy or family-oriented neighborhoods. Besides potential monetary gains, fences offer security and clear boundaries. Be wary of biased sources claiming exaggerated value increases to promote sales.
Are Appraisals Confidential? What You Need to Know
Having an appraiser walk through your home taking photos, notes, and asking questions can seem a bit invasive to some
The FHA Amendatory Clause | What is it and Who Does it Benefit?
The FHA amendatory clause is a key protection for both buyers and lenders in real estate transactions involving an FHA loan, allowing the buyer to back out without penalty if a home’s appraised value is less than the sale price. This clause must be signed by both parties, with no exceptions, and is an integral part of FHA’s flexible loan program designed to help first-time buyers with benefits like low down payments and competitive interest rates. Sellers can renegotiate or cancel the transaction if necessary, maintaining a fair market.