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appraisals: What if the Home I am Buying Does not Appraise for the Selling Price? - 01/20/11 10:26 PM
What if the Home I am Buying Does not Appraise for the Selling Price? 
A crucial step in home buying is the home appraisal. This is part of the mortgage process and must be done as soon as you are ready to proceed with your loan.  Following your home inspection you should give the "go-ahead" to your bank to send out an appraiser. 
But, what if the home does not appraise for the offer price?
If the property you are planning on purchasing is unique or there have simply not been many sales of similar homes in the area, arriving at a fair offer … (34 comments)

appraisals: Assessing the Value of a Home - 01/20/09 10:00 AM

 I was recently asked about the connection between a property's assessment value and its potential selling price.  There is often confusion about the various methods that are used to evaluate property and it's important to be able to distinguish between them and to know how they may be helpful to you in your home buying decision.
Property Assessment - The assessment is a tool the town uses to determine your property tax amount.  In Massachusetts each town has an assessor who is responsible for determining the value of each property and its improvements.  The assessor reviews sales data from the … (2 comments)

 
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Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

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The Buyers' Counsel

Address: 27 Thomas Street, Ashland, MA, 01721

Office Phone: (508) 881-6230

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