home value: “The Two-Headed Monster”
- 02/03/18 06:07 AM
If you are not planning on changing homes, you can go straight to the sports section now. However, if you haven’t noticed or haven’t paid any attention to what a lot of people including me have been saying for some time, you might want to read on. An author named Greg Rand wrote a book back in 2011 titled “Crash Boom!” The book spoke of the coming fortunes to be made in real estate for those with the resources and intelligence to invest, which at that time was to most like a fireman running into a burning building when everyone else was … (2 comments)
home value: Sick of Suiting the Appraisers
- 03/08/13 09:46 PM
Is it just me, or is anyone else sick and tired of appraisers controlling the real estate business? It's really not their fault. They didn't exist until banks saw the need for them to justify loans. If the loan went bad, it's wasn't the bank officer's poor decision that caused it, because he had an "expert" appraisal. Then the banks started abusing the appraisers, because the government pressured them to make loans. We all know what happened next. Then the government said that everyone was being mean to the appraisers, and we all know what happened next. Now the appraisers are … (4 comments)
home value: A Tail and a Dog ...
- 09/12/12 11:40 PM
I was telling my wife the other night about the irony of what we face lately with appraisals. Predictably, the occupation of appraiser was invented by the lending industry to justify what they wanted to do already. The definition of fair market value is the price that a willing buyer and seller could be expected to agree to on the open market without any special circumstances to pressure either party. Until lenders invented appraisers, that was how it was done. That's how it's done in the car business, at the flea market, and when negotiating the world's oldest profession, just to name … (2 comments)
home value: Appraisals Can Be Helpful
- 10/08/11 12:53 AM
One of the most important jobs for your real estate agent is to determine the value of your home by developing a Comparable Market Analysis, which will be used in pricing the home for the right amount. If your property isn’t attracting serious shoppers, your agent may recommend that you invest in an appraiser to get a second pricing opinion, as the appraiser will come in with an independent, unbiased opinion to help ensure your price is correct for the market. “An appraisal is important in today’s market especially, because it’s an objective and unbiased source of information,” … (2 comments)
home value: You Should Be Floored
- 09/26/11 01:35 AM
When people enter your home they usually look down before up, so that first step is vital for attracting a homebuyer and making a great first impression. This is one reason why more people are installing hardwood floors in their homes.
Hardwood flooring enhances the look of any room and can create a classic ambiance that will beautify the interior design of your home. Residential real estate agents agree that homes with wood floors hold their value better, sell faster and fetch higher prices.
Last year, 99 percent of real estate agents responding to a … (1 comments)
home value: "Don't Forget the Guys"
- 09/05/11 12:32 AM
Professional home stagers consult with homeowners on ways to sell their homes quickly and for the most money possible, but often lost in the design process is the fact that men are involved in buying decisions as well. When having your home staged, it’s important to remember to appeal to both sexes and do some things that will pique a man’s interest just as much as a woman’s. Professional stagers take into account buyer demographics, buying psychology, and utilize design elements in planning out the rooms and space and the use of lighting and its effect on the space. … (1 comments)
home value: Don't Play Games with Home Repairs
- 09/01/11 12:31 AM
Sellers often ask me if it's necessary to complete repairs on their home before putting it on the market, or "just wait for someone to make me an offer". Not only should sellers complete the home repairs they know must be made, they should also hire a certified home inspector to thoroughly and impartially evaluate their properties. If this inspection results in a fix-it list, review the list with your real estate professional to establish necessities and priorities. Depending on your budget and objectives, you may want to repair only items that could cause significant deterioration to your property, such … (5 comments)
home value: Absorption Rates and Pricing
- 07/22/11 03:52 AM
There hasn’t been a lot to write about real estate in Pickens County lately. We are mostly just bumping along on the bottom and wondering when things will get better. The headlines we see say things are getting better, but sometimes it’s hard to swallow, even for someone like me who tends to be more optimistic.
When people ask me (basically daily) how things are “going”, I usually say I have no complaints. I would like for things to pick up for everyone trying to sell, but that situation presents opportunities for smart buyers. However, a closer look at our … (0 comments)
home value: Get a Grip!
- 07/22/11 03:51 AM
There was recently an article in the Progress about foreclosures and real estate in Pickens County. I was quoted along with several other folks around the county. I can state that everything I said was correctly relayed to readers, and I think the article was very well written. However, at the end it said “everyone” who was interviewed was pessimistic about the future of real estate in Pickens County. I’m not happy with the way things are right now, but I would not say I’m pessimistic about the future.
The geniuses who can’t tell us when we are in a … (1 comments)
home value: Make Your House Sell Faster
- 01/03/11 11:45 PM
A common question being asked by those wanting to sell their home is "what price can we ask to guarantee our home will sell within the next (fill in the time period)?" The truth is there is no magic formula to answer that question. However, there is a way to approach the question. It is called absorption rate pricing. Space will not allow me to go into great detail to explain this, so check with your real estate professional if you have questions. The following illustration represents "The Pond" of homes circulating through the market. The "flow" is the top layer … (1 comments)
home value: Home Valuation Compliance Code Is Here
- 08/31/09 03:42 AM
The implementation of HVCC (Home Valuation Compliance Code) went into effect May 1. It is the new appraisal requirement negotiated by FannieMae and FreddieMac with the New York Attorney General in settlement over a pending lawsuit. All loans that receive funding from Fannie or Freddie are required to comply, and that is a ton of loans. This pending law suit was being brought against a lender and an appraisal management group for alleged appraisal abuses. One problem with HVCC is that the rules are encouraging the use of appraisers outside the local real estate market as a result of Appraisal Management Companies (AMC's) being hired … (0 comments)
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Ron Barnes
"Most agents claim they're #1 - I THINK YOU'RE #1!
If you are not planning on changing homes, you can go straight to the sports section now. However, if you haven’t noticed or haven’t paid any attention to what a lot of people including me have been saying for some time, you might want to read on.
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