Freddie Mac wants to automate the appraisal process, for some



Mortgage servicer Freddie Mac is hoping to automate home appraisals in an effort to speed up the closing process and reduce fees for home buyers.

What You Need to Know About Closing Costs



Although a few costs and fees for buying a house may be paid ahead of time, the bulk of the financial settlement occurs at the closing table which is closing costs.

7 Ways You Can Beat a Low Home Appraisal



A low home appraisal sure feels like bad news. However, sometimes, it’s bad news that can be avoided, or even turned around for the better. If you’re worried your appraisal isn’t going to deliver what you want,

A Current Home Appraisal May Surprise You



In the vocabulary of real estate, there are three terms that indicate a home’s valuation: the Appraised Value, the Assessed Value, and the Market Value. Rarely are these three values the same. So it’s easy to confuse them when considering selling a home, obtaining a mortgage, or contemplating ongoing costs of ownership (such as taxes […]

4 Keys to Appraising a Commercial Property



If you want to sell your property, buy a property, lease a property or appeal property taxes, you will need to perform an appraisal of that commercial property.

4 Things You Should Do Before You Have Your Home Appraised



Whether you are trying to sell your home, refinance an existing mortgage or obtain a home equity line of credit, the financial aspect of the transaction will be determined by the valuation method

Five Considerations in Establishing a Fair Value of Property during a Divorce



If you and your soon-to-be-ex are fighting over who is going to keep the house, a judge may weigh in on the final decision. However, before you get that far, you need to know both the worth of the property and what it will be worth to you

Appraiser and Homeowner Valuation Gap Narrows



The discrepancy between appraisers’ and home owners’ opinions of home values is narrowing. In November, appraisers valued homes 1.56 percent higher than home owners, according to Quicken Loans’ Home Price Perception Index.

Skip the Prelisting Appraisal; Hire the Appraiser as a Consultant



Should a home seller get a pre-listing appraisal? Only if its usefulness is kept in context, otherwise, it’s likely to be a waste of money. As both an active certified appraiser and associate broker I always try to find why the question was asked before answering it. Many times, having an appraiser as a “consultant” is far better than having them complete just an appraisal.

Real Estate Agents Aren’t an Inevitable Party in Property Dealings



Property dealings are not as simple as shopping in the mall for clothes, shoes, or accessories. Just selecting the place of your choice and paying for it is not possible in property matters. Both property buying and selling are difficult deals, and you must be alert enough so that the opposite party doesn’t take undue advantage of your naivety and cause you undue monetary losses.

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