October, 2016

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Price per? square foot is not the holy grail of property value

CM Appraisals

By Tom Horn ​ ​Price per square foot is media darling of value While scanning the news headlines this week I ran across an article titled “What Is the Average Price per Square Foot for a Home — and Why Does It Matter?” Because I am an appraiser this caught my eye for various reasons. The article pointed out that you can use the average price per square foot of the sales in the neighborhood to gauge whether you are getting a good deal when buying a house.

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Markets, Neighborhoods and Subdivisions Part I

CP Home Appraisals

The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. This creates misleading results in appraisal reports and can lead to an incorrect conclusion of value. For starters, let’s give some basic definitions for each of these real estate terms: A Real Estate Market is an area, usually geographically constrained, where buyers and sellers come together to make transactions.

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VA Buyers: Does Your Home Meet the Right Property Requirements?

Realtor

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition.

Buyers 78
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Millennials: Ready to Buy a Second Home and Rent Out Your First?

Zillow

There comes a time in many homeowners’ lives when it’s just time to move on to the next home. Maybe it’s because of a job change, the arrival of a kid (or more kids), a marriage or divorce, or you just don’t like where you live anymore. Many millennial homeowners - who represent half of all home buyers these days, according to the Zillow Group Consumer Housing Trends Report - are ready for that next home purchase.

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VA Buyers: Does Your Home Meet the Right Property Requirements?

Realtor

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition.

Buyers 60
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Markets, Neighborhoods and Subdivisions Part I

CP Home Appraisals

The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. This creates misleading results in appraisal reports and can lead to an incorrect conclusion of value. For starters, let’s give some basic definitions for each of these real estate terms: A Real Estate Market is an area, usually geographically constrained, where buyers and sellers come together to make transactions.