Remove Home Value Remove Market Value Remove Realtors Remove Sellers
article thumbnail

Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. Trust your REALTOR® to sell your home for what it’s worth.

article thumbnail

How Much Power Do Appraisers Have Over Home Value?

National Association of Realtors

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should Home Sellers Get an Appraisal Before Listing? Here’s Why It’ll Cost You

Realtor

“The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

Sellers 111
article thumbnail

Market Correction or Seller Panic?

Appraisal Buzz

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation.

Sellers 435
article thumbnail

Should Home Sellers Get an Appraisal Before Listing? Here’s Why It’ll Cost You

Realtor

“The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

Sellers 78
article thumbnail

Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. How to Market Raw Land For those who see a profit in selling raw land to developers or other interested parties, getting the most money for the lot is attained through optimal marketing.

article thumbnail

Fluffing, decreases home values

Town & Country Residential Appraisals

They include: Grandma’s house: Realtors interpret this to mean a) the house hasn’t been updated since Grandma moved in or b) it still smells like Grandma. This house just had a total facelift: Loosely translated, it means the seller painted everything. But to the original claim that fluffing decreases home values, lets explore how.