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
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]
Housing affordability differs among races and ethnic groups, finds the National Association of Home Builders, which analyzed home affordability by race. Affordability differences are “dramatic and persistent across racial and ethnic lines,” says NAHB chief economist David Crowe about the findings.Housing Affordability by RaceThe NAHB found the following differences in housing affordability wh...
Read Post [Posted on 08/18/2014 By John Askins]
April 17, Tax Day, is fast approaching. So, if you itemize, remember to take advantage of the mortgage interest deduction, one of the many benefits of home ownership. The MID saves the average home owner about $3,000 per year. In addition, as mortgage rates bottom out and the rental costs exceed those of home ownership, this spring may be the most vibrant for real estate in years. This and more in...
Read Post [Posted on 08/14/2014 By Garrett McWhorter]
Big Brother is double-checking appraisers, and that’s a good thing'Value reviews' mine big data to protect mortgage borrowers, lendersPeter MillerContributorShare on twitteShare on google_plusone_shaShare on lShare on emailMore Sharing ServiAug 5, 2014The centerpiece of every mortgage application is the appraisal. Lenders originate residential mortgages on the basis of either the sale price or the...
Read Post [Posted on 08/05/2014 By Christopher Chin]
Low appraisals have been blamed for continuing to hamper the real estate market. So Kirchmeyer & Associates has begun an appraisal warranty insurance program to its appraisal management services to protect lenders and investors against faulty appraisals. The insurance protects lenders and investors against default losses, including repurchase expenses, as well as “provides assurance to t...
Read Post [Posted on 08/04/2014 By John Askins]
Recently, I have been flooded with calls and have many clients demanding answers. They are skeptical of homes in our hot Houston real estate market because the asking price varies so greatly from Harris County Appraisal District's value. It's exciting for me to see so many people educating themselves and seeking out information but have found this sometimes causes excess worry. There are a conside...
Read Post [Posted on 07/29/2014 By Lauren March]
The Harris county area is in the middle of a heated seller’s market. Unlike the “bubble” in California, Florida and Arizona, Texas and Harris County are expected to see slow, but strong appreciation with a safer equity position. I’ll explain my opinion on that later on in this post. Negotiating in a seller’s market is frustrating…unless you’re the seller! Many homes are selling for more ...
Read Post [Posted on 07/28/2014 By Gregory Nino]
You just got a better than full price offer on your listed home after multiple offers. Congratulations! It seems as though everything is going smoothly with inspections and a loan approval. After patiently waiting your home doesn’t appraise for the price that you have listed it for. What do you do?Option 1: Seller agrees to sell the home for the new appraised valueOption 2 Seller can appeal t...
Read Post [Posted on 07/23/2014 By Kelly Stewart]
According to surveys, buyers want more environmentally sensitive home features, and they are willing to pay for them. But builders say not enough appraisers are recognizing green’s worth and factoring it into their property valuations. "Appraisers just don't get it," says William T. Nolan, a Florida consultant to home builders. "We can't get them to appreciate the value of net costs. And if w...
Read Post [Posted on 07/23/2014 By John Askins]
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