appraisal: What is the Best Way to Price a Home for Top Dollar?
- 08/28/23 08:04 PM
Pricing a home effectively to get the highest possible sale price involves a combination of research, strategy, and understanding the local real estate market. Here are some steps to help you price your home for top dollar: Research Comparable Sales: Look at recent sales of similar homes in your neighborhood, known as "comps." Pay attention to homes with similar features, such as square footage, number of bedrooms and bathrooms, condition, and amenities. This will give you an idea of what buyers are willing to pay for similar properties. Consider Market Conditions: Understand whether you are in a buyer's market (where there are … (14 comments)
appraisal: Inspection Vs Appraisal - What is the Difference?
- 04/20/23 08:41 PM
If you are buying a home, an inspection is an important step in the process. It assesses the condition of the home for you so that you can make an informed decision about whether to move forward in your purchase. Your inspector will identify major issues, such as a leaking roof or a cracked heat exchanger. Your inspector will also tell you how to maintain your home. IT IS NOT A STEP TO SKIP! An inspection also a different step in the homebuying process from an appraisal. The appraisal is a professional evaluation of the market value of the home you’d … (10 comments)
appraisal: Mr. Seller - The Market Doesn't Care What You Need
- 07/21/10 03:54 PM
Dear Mr. Seller, Congratulations on your marriage on New Year's Day last year and the twins that are coming in December. I am very happy for your growing family, and I am sure that you are looking moving to that beautiful home that you sent me from Realtor.com. Your dream home comes with a tablespace kitchen, a big yard, and a family room off the kitchen! It also comes with a $750,000 price tag. I know that you paid $300,000 with 5% down for your 650 square foot one bedroom condo three years ago. I understand that you need your condo to sell for at least $450,000 … (30 comments)
appraisal: Appraisals - the Modern Day Version of Reading Entrails -
- 02/03/10 01:22 PM
Before I start on this rant, I wish to preface it with sympathy for appraisers trying to do their jobs in today's market. I understand that the appraiser is asked to justify (or whatever the correct verb is) a sales price set by a ready, willing and able buyer and a ready, willing, and able seller involved in an arms length transaction. The appraiser must justify this sales price established by two people in the current market, using data that is up to three to six months old. In the DC metro area, our market has changed even in the last month. Inventory … (2 comments)
appraisal: A Letter to Buyers about Appraisals
- 07/22/09 01:59 PM
Dear Buyer, You may have heard about the new changes in the appraisal laws for any Fannie Mae or Freddie Mac mortgages which took effect recently. Beginning May 1, the responsibility for managing home appraisals moved to a middleman, known as appraisal management companies or AMCs.Under new federal regulations, mortgage brokers and loan officers can't directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers. One fall out of these new regulations is that there may be fewer indpendent appraisers since the majority of them will now be on staff. This … (0 comments)
As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.
Pricing a home effectively to get the highest possible sale price involves a combination of research, strategy, and understanding the local real estate market. Here are some steps to help you price your home for top dollar:
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