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Square Footage Costs Higher in Suburbs than Cities

Empire Appraisal Group

SEATTLE – As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers, according to a report from Redfin. The typical home in suburban neighborhoods nationwide was worth $206 per square foot during the four weeks ending Sept.

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Outgrowing a Home: Should I Buy A Bigger House?

PennyMac

But that increase in square footage will likely increase your expenses and responsibilities. He explains that a “healthy percentage of buyers are looking to buy up for space, neighborhood, school district and work proximity reasons. It’s a great pursuit and one of the more exciting chapters in one’s homeownership journey.”

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When Should You Downsize Your Home?

Assurance Financial

If you have more space than you need, would like to save some money or plan to travel more, downsizing could be a great step to help you reach your goals. Maintenance Costs. With larger homes and larger yards, you’ll confront higher costs of maintaining your spaces. Preparing your home to sell. Selling your home.

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Appraisals – Check the Water Source!

Appraisal Today

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It was later discovered that the well was not located on the property which was appraised.

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Investors’ Guide to Mixed-Use Property for Sale: Understanding the Live-Work-Play Hybrid [2021]

The Robert Weiler Company

As is familiar with most mixed-use properties, the residential portion takes up more square footage than the commercial share. Commercial real estate development within the mixed-use sector can take up a single building or span an entire city block or neighborhood. Riverton — Sayreville, New Jersey.

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Fannie’s New ANSI FAQS July 2022

Appraisal Today

The forms were not designed to accommodate ANSI, such as where to put the different square footages on the form. Excerpts: Updated guidance, including some new and substantively revised FAQs. A few of the Q&As. The standard describes three scenarios in which a “declaration” is required. Also, what Fannie wanted was not clear.