Owners are continuing to overestimate the value of their homes. The latest Quicken Loans’ Home Price Perception Index shows that home owners overestimated the price of their home, on average, by 1.95 percent compared to appraisers valuations in April. Home owners in the Midwest and East coast are overestimating their home’s value by the highest […]
This series, Finding A Home, is about looking at open houses, how to make an offer, concessions and appraisals. Tips from real estate brokers and mortgage lenders. 1) What to look for at an open house 2) How to make an offer on a house 3) Buyer and seller concessions 4) The role of a […]
Home appraisals and home inspections are sometimes confused. While they are both an important part of the home buying process, they ultimately serve two different purposes. Key Takeaways • Appraisals estimate the value of the home, taking into consideration factors like comparable sales of homes in the area • A home inspection looks at the […]
Are appraisals finally playing catch up? Very interesting article on the current state of appraisals, mixed views in my selling areas. Some buyers bringing cash to closing, some walking away… Many real estate professionals in Oxford have been blaming low appraisals for derailing transactions over the last few years. But now home prices are heating up […]