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Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Home Appraisals

The most recently published posts in the Home Appraisals category
One might easily assume that paying for a home in cash may be optimal but it's not always so clear. Let's take a look at the main advantages of paying for a home in cash versus obtaining a home loan. One of the main benefits of an upfront payment is that you won't need to pay interest or escrow costs. Paying in cash will also make your offer appear more attractive to the seller if they are re...
Read Post [Posted on 11/13/2014 By Tiffany Markovsky]
The housing market sets a solid pace, though challenges nip at its heels.Has the housing market finally bottomed out? Signs are promising, though tentative. Mortgage rates remain low — in fact, they might go lower; pending-home sales are up from last year; and new housing stock demand is at a two-year high. But foreclosure filings are up in major cities and existing-home sales decreased in June.Se...
Read Post [Posted on 11/12/2014 By Garrett McWhorter]
You’ve invested time and effort in your search for a new home. You’ve researched neighborhoods, and you’ve thought about the features in a house that are important to you.Finally, you’ve found the perfect home. You’ve even negotiated a purchase price with the seller.You’re waiting for your mortgage approval to conclude the sale. To your chagrin, the appraisal undervalues your prospe...
Read Post [Posted on 10/31/2014 By Michelle Cannon]
In the recent past, low appraisals have been blamed on delaying—or even canceling—many real estate transactions over the last few years. While real estate professionals are limited in how much involvement they can have in the appraisal process, they can do a few important things to help ensure their sellers receive a fair valuation. Be there. Appraisers and other real estate agents say that being ...
Read Post [Posted on 10/19/2014 By John Askins]
The vacation-home market bounced back big time in 2013.Vacation-home sales were up by nearly 30% in 2013, as high-net-worth households returned to the recreational property markets, according to the NATIONAL ASSOCIATION OF REALTORS®.NAR’s “2014 Investment and Vacation Home Buyers Survey” shows vacation-home sales jumped 29.7%. About 717,000 vacation homes changed hands last year, up from 553,000 i...
Read Post [Posted on 10/07/2014 By Garrett McWhorter]
For folks like Edith Macefield, home is priceless. She forced developers to build their mall around her small, 108-year-old farmhouse in Seattle's Ballard neighborhood. Image: Geoff Carter/FlickrDo you love your home as much as Edith Macefield, the 84-year-old Seattle woman whose story is remarkably similar to the plotline in the movie “Up”? She turned down a $1 million offer in 2006, then fo...
Read Post [Posted on 10/02/2014 By Garrett McWhorter]
Walkway lighting, colorful plantings, and a tidy lawn are all features of good landscaping. And if you're selling, this kind of curb appeal can cut your home's time on the market by 10% to 15%. Image: August Landscape DesignIf you’re thinking of sprucing up your yard, install what you love; but also pick upgrades that will increase your home’s value and, someday, attract buyers.The new “2014 ...
Read Post [Posted on 10/02/2014 By Garrett McWhorter]
The Appraisal ProfessionWhat is an Appraisal?An appraisal is a professional appraiser’s opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience, and professional judgment of the appraiser. . Appraisals may be required for any type of property, including single-...
Read Post [Posted on 09/24/2014 By Garrett McWhorter]
Understanding how appraisals work will help you achieve a quick and profitable refinance or sale.If you think the appraisal value of your home is too low, you can seek a second opinion. Image: David Sacks/Lifesize/Getty ImagesWhen you refinance or sell your home, the lender will insist that you get an appraisal—an opinion of the value of your home based on what similar homes in your area have sold...
Read Post [Posted on 09/18/2014 By Garrett McWhorter]
Before you put your home up for sale, understand how the right comparable sales help you and your agent find the perfect price.A house is comparable to yours in price if it's in the same neighborhood, on a similar street, and in the same school district. Image: image100 Photography/VeerHow much can you sell your home for? Probably about as much as the neighbors got, as long as the neighbors sold t...
Read Post [Posted on 09/18/2014 By Garrett McWhorter]
 The perennial champ when it comes to giving a return on your investment, an entry door replacement featuring a modestly priced steel door upgrades both energy efficiency and curb appeal. Steel doors come in many colors and can be painted to fit your exterior scheme.National average cost: $1,162ROI: 96.6%  What better way to enjoy outdoor living than on your backyard deck? At a cost...
Read Post [Posted on 09/16/2014 By Garrett McWhorter]
Fannie Mae and Freddie Mac will offer a new, simplified loan modification program to help troubled borrowers avoid foreclosure and stay in their homes.Borrowers who are at least 90 days delinquent on a Fannie Mae- or Freddie Mac-guaranteed mortgage will be allowed to lower their monthly payments and modify their mortgages without having to fill out financial or hardship documentation.Fan...
Read Post [Posted on 09/12/2014 By Garrett McWhorter]
Watch out for the common tax-filing errors, and you'll get a maximum return without raising any red flags with the IRS. Image: Jenna Sue/jennasuedesign.blogspot.comAs you calculate your tax returns, consider each home tax deduction and credit you are — and are not — entitled to. Running afoul of any of these nine home-related tax mistakes — which tax pros say are especially common — can cost ...
Read Post [Posted on 08/22/2014 By Garrett McWhorter]
Without government-supported mortgage programs from Fannie Mae, Freddie Mac, FHA, and VA, interest rates on home mortgages would rise. Fannie Mae and Freddie Mac: A Look at Mortgage Lending Without ThemSome legislators say we don’t need mortgage giants Fannie Mae and Freddie Mac. What would happen if lawmakers got their way? How Fannie Mae, Freddie Mac Save You Money Home owners who...
Read Post [Posted on 08/22/2014 By Garrett McWhorter]
This year has been a phenomenal year for real estate in Houston, TX.   Many folks are discovering what an incredible place Houston is for work and play, not to mention how affordable our home prices are when compared against other metropolitan areas in the U.S.   As a result, we have faced a shortage of houses, as we have had more buyers than sellers -- whic...
Read Post [Posted on 08/22/2014 By Renee Buckhoff]
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