Appraisals Appraised Value vs. Market Value When it comes to real estate, understanding the value of a property is more than just a number—it’s about making informed decisions. The often-confused concepts of “appraised value” and “market value” leave many confused. Understanding the differences between the two is crucial for navigating property transactions successfully. What is Appraised Value? The appraised value of […]
Appraisals Is it 2007 again in the housing market? Ryan Lundquist has some great things to consider in his blog post (linked below). Here are the meat and potatoes of what he had to say: “Is it 2007 again? There’s so much talk online about today’s housing market being like 2007, but what are the stats showing? Today I want to walk through three […]
Appraisals Buy a home now and refinance it later? Here’s what experts think For some buyers, it may make sense to buy a home now and refinance it to a lower rate in the future. GETTY IMAGES While inflation is cooling, interest rates remain high, which puts a damper on Americans’ plans to buy a home or refinance their existing mortgages. The natural question many homeowners are asking themselves […]
Appraisals What’s the Difference Between Your Home’s Market and Assessed Value? Understanding your home’s value is an important part of knowing your net worth, what you’ll likely receive if you sell the property and how the local real estate market is faring. Home value is also an integral part of determining how much property tax you’re required to pay the local and state government annually. But depending on […]
Appraisals Quick, the Appraiser Is at the Door! Take the listing? Check! Sell the home? Check! Inspection completed? Check! Appraisal okay? Things could have gone better! What happened? Everyone benefits when appraisers and listing agents work together. Often a low appraisal value could have been avoided if all parties knew their roles at the beginning of the assignment instead of at the end. […]
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