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Non-Arms Length Sales for Appraisers

Appraisal Today

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? Oceanfront Estate on Kauai’s South Shore $13,995,000 Excerpts: 4 bedrooms, 4 baths, 3,706 sq.ft., Oceanfront Estate on Kauai’s South Shore $13,995,000 Excerpts: 4 bedrooms, 4 baths, 3,706 sq.ft.,

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What’s the Difference Between a Comparable Market Analysis and an Appraisal?

Eppraisal

There are two ways in which home values can be estimated by real estate professionals. The average consumer may not know the difference between the two, however, home buyers and sellers need to know. Many real estate agents will prepare a CMA for you for free.

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The Role of an Attorney in a Real Estate Transaction

Eppraisal

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. A real estate attorney has quite a few roles in a real estate transaction. The buyer's mortgage company requires this.

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The Many Shades of Earnest Money

Eppraisal

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Buying a House If You Still Have One to Sell

Eppraisal

Chances are that you will be able to sell your current home quickly and replace some of the savings and investment monies you used, in no time. Get Approved to Buy Without Selling A similar concept is to get approved for a mortgage on the second house without having to sell and close on your current house first.

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That Zestimate is NOT Accurate

Lamacchia Realty

Essentially, this means that half the time, Zillow’s home value estimates are within 7.49% of the actual value. Rascoff replies, “It’s a starting point, but if you want to get a more accurate opinion of your home’s value, you should talk to a real estate agent or an appraiser.”

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What to Expect During an Appraisal

Eppraisal

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. The appraiser will research before visiting your home.