Cleveland Appraisal Blog

APRIL 29, 2021

Does your home have a smell? Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. That does not cost a lot and it instantly “lifts” the appearance of your home. What Buyers Look For. Value increase: 3%-5%. Home office.

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Appraisal Investing Buyers Renovations 249

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Swimming pools can take up most of the yard space and can be expensive to maintain. A property’s value can be negatively affected if the pool is in need of a lot of repairs. For those kinds of buyers, this does add value to the property.

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Law Buyers Renovations Decorating 68

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely.

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Home Improvement Renovations Investing Inspection 36

Will Springer Realtor

AUGUST 11, 2023

All this, while we prepare to experience in a few years the largest wave of potential home-purchase demand in our nation’s history. As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. income can qualify for financing on a median-priced home.

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Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

Chicagoland Appraisal Blog

APRIL 3, 2020

Which types of homes tend to be most attractive to buyers? Just as the housing stock in Chicago is incredibly diverse, so too is the pool of buyers. Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Updated homes tend to sell faster in Chicago, notes Westhoff.

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Real Estate Agent Architecture Modernization Buyers 78

Lamacchia Realty

MAY 8, 2023

The possibilities are endless, but no matter what it ends up being used for, having a shed can increase the value of your home. Some potential buyers are even more attracted to a home because it has a shed! Continue reading to learn 4 ways adding a shed to your home can increase your property value: 1.

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Tools Realty Architecture Buyers 69

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

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Appraisal Inspection Property Taxes Easement 105

Raleigh Realty

FEBRUARY 21, 2022

Although a standard for measuring square footage isn’t in place, it is important to be as precise as possible when calculating a home’s square feet, as that number can impact home values. How to Calculate a Home’s Square Footage: Here’s the good news: calculating square footage is fairly easy.

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Real Estate Agent Real Estate Agents Renovations 148

Chicagoland Appraisal Blog

JANUARY 21, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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Real Estate Appraisal Home Value Real Estate Agent 78

PennyMac

JANUARY 3, 2024

At this time, you’ll get the final details of your loan terms and required closing costs, which are the extra fees buyers and sellers pay to close on a real estate transaction beyond the home’s purchase price. How Does a VA Loan Work? Once your loan is approved, you’ll have your closing, where all necessary paperwork will be signed.

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Insurance Real Estate Agent Finance Renovations 36

Raleigh Realty

MARCH 29, 2021

This means that it's harder to know a local neighborhood well before searching for homes. Changing locations may make it feel like committing to a home isn't worth the effort, too. With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. What are VA Loans?

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Partners Blog

FEBRUARY 4, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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Real Estate Appraisal Home Value Real Estate Agent 60

AmeriMac

MARCH 29, 2024

One of the most common types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA). HECMs are government-backed loans designed to help seniors access the equity in their homes. Enhancing curb appeal through landscaping can also add value.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels.

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Investing Property Taxes Real Estate Renovations 36

Assurance Financial

APRIL 29, 2021

For example, the Home Possible® mortgage requires an income below 80% of the AMI in a particular census trace. Loans with an AMI limit are typically designed to help people who would otherwise not qualify for a mortgage to purchase a home. If all goes well with the process, the EMD is applied to the final price of the home.

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Mortgage HOA Insurance Real Estate Agent 74

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. They wonder if they missed their opportunity to buy before interest rates rise along with home values. But most people I speak with say this is only the quiet before the next wave – like an ebb before the next high tide of buyers and rising prices. Who needs a car?!

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Real Estate Buyers Inventory Housing Market 36

Assurance Financial

NOVEMBER 9, 2021

With PMI, mortgage lenders make low and zero down payment home loans more accessible, making homeownership possible for buyers from various backgrounds. You also avoid increasing your monthly payments in comparison to a more traditional buyer-paid mortgage insurance. Does PMI Go Away if Home Value Increases?

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