The Paradox of Price Per Square Foot Value



Price-per-square-foot is widely used as a basis for estimating value, and it is also one riddled with problems. It can be strongly argued that price per square foot has no value in ascertaining value at all. Many variables inherent in deriving price per square foot are insignificant and that renders conclusions based upon them all but worthless. There are of course exceptions; new tract construction, tract condominiums and on occasion newer commercial properties. This article considers existing homes as it is frequently applied broadly and quite inaccurately.

What To Do When Your Appraisal Comes In Too Low



Most investors will tell you that one of the biggest problems they are facing today is not finding buyers for their properties but getting the banks to appraise them for what the buyers are willing to pay.

Appraisers Hit Back at Critics



“Don’t shoot the messenger” reads a new message from the Appraisal Institute, which has asked those involved in real estate deals not to blame appraisers when a contract falls through based on a property’s values.

What Is a Real Estate Assessment?



It is important to know that just like a formal appraisal; a real estate assessment is just someone’s opinion and it should be treated as such. As a home owner you will have to make a conscious effort to not take the assessment too personal, and don’t allow it to hurt your feelings. The intention of the real estate assessment is just to give you an informal benchmark of the approximate value of your home based on other homes in the area.