What Factors Determine A Home’s Value When It Is Appaised?

Author: Rob  //  Category: Q&A

Attempting to buy a relative’s home ~ but the home & property (5acres) was appraised for $30,000. less than the asking price.
Relative was upset, because the house was appraised 5yrs ago at $10,000. OVER the current appraisal value ~ and that number was for the house alone, didn’t include the value of the land it [...]

What Comes First A Home Inspection Or A Home Appraisal When Buying A Home??

Author: Rob  //  Category: Q&A

I am buying a house and my mortgage broker told me that he ordered an appraisal on the property before i got my inspection(that turned out to show water damage).Is this right?It just seems to me the you would want to find out if the property is ok before ordering an appraisal.Oh and yes i [...]

Stained Glass Home Value Question: We Have A Colonial House Built In 1928. Halfway Up The Staircase Is A Small

Author: Rob  //  Category: Q&A

window. we were thinking about replacing it with a stained glass window. it is small as in maybe 24 inches by 30 inches. would making an improvement like this be worth it as far as home value is concerned? this window is visible when standing in parts of the living room. my general guess is [...]

Home Appraisal Valuation Question?

Author: Rob  //  Category: Q&A

I live in CA. I am refinancing and have had the home appraised. The appraiser used two “distressed proeprty” sales, IE short sales, in coming up with the value for the appraisal. As a result the loan to value ratio is not at 80%, and the interest rate is subsequently higher. It has always [...]

Will A Metal Roof Decrease My Home Value?

Author: Rob  //  Category: Q&A

We are considering installing a pro-snap metal roof on our home (a 1924 bungalow, 900 square foot), and I’m just wondering if it will decrease the resale value of our home? Thanks! God bless!

Why Is A Home Assessment Usually Lower Than A Home Appraisal?

Author: Rob  //  Category: Q&A

When looking at property records, it seems that most houses have a much lower assessed value than what the home actually appraised and sold for. Why is this?
For instance: A home is appraised for $100,000, yet the county’s assessment of the property is only $69,000.

What Actions Can Be Taken When An Appraiser Uses Strictly Foreclosed Properties To Come Up With My Home Value?

Author: Rob  //  Category: Q&A

I HAD MY HOUSE APPRAISED AND WAS LET DOWN DUE REPOS WERE USED 4 OF 6 COMPS AS IF THEY WERE SOUGHT, RECENT SALES OF HOMES SHOWS 80% OF VALUE IGNORED,JUST IRRATATED NOT LOSING MY HOME!OR BEHIND

Can Your Mortgage Lender Require Pmi When Your Home Value Decreases?

Author: Rob  //  Category: Q&A

Bought my home in 2007 with 20 % down. Never wanted to have to pay PMI. With current home values I may only have 10% equity now. Can the lender require PMI under these circumstances?

Will Construction Of Driveway Increase Home Appraisal?

Author: Rob  //  Category: Q&A

We live in a 3-bedroom, 1 bath home. The garage was converted to create the 3rd bedroom. There is currently a concrete driveway graded to an incline, but it has an odd bump in it that makes parking on it nearly impossible for most cars.
If we had the driveway repaved to a flat surface, would [...]

What Constitutes A Home Appraisal?

Author: Rob  //  Category: Q&A

I am looking into getting an appraisal and would like to what what to consentrate on before the apprasier gets to my house.

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