Honestly - what is my home worth??

     ............  Often getting a home appraisal these days becomes a very humbling experience. We all have heard the saying "my home is my castle". Many times emotional values far exceed true market value when determining how much your house would sell for.

Foreclosures and short sales have pushed market values down. Way down... When determining the value of your house, an appraiser uses comparbles, otherwise known as comps. The house that sold for half the value of your house last month at foreclosure.... well that just pushed the value of your house down. No - it is not fair and given time you may be able to get more for your house than any appraiser can value you it at, but for lending purposes, it is what it is.....

Mortgage lenders have been battling the value issue daily. The new HVCC guidelines have been killing otherwise slam dunk deals. When refinancing a home, understand what you may be walking into. Know the facts upfront. For more details give us a call so you can make an informed decision before moving forward with any refinance.

How do I attempt to make clients bridge the gap between perceived value and actual value?  I ask them this question. - If you had to sell your house in one week, where would you have to price it at?

If you want a true estimate of market value for your property, get in touch with a high quality real estate agent. Remember, it is much better to be informed than lost in the shuffle. Be proactive and understand your options in today's real estate market. There are deals to be had out there. Don't miss out.

.........If you have been crushed by this economy – god bless you….

  REVERSE MORTGAGE MARYLAND