Houston Real Estate Blogosphere
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Home Appraisals

The most recently published posts in the Home Appraisals category
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]
Homeowners rejoice.....Protesting season is officially in action!Should you protest?  YES, yes you should!  If would be a crime not to!  Not a literal crime, but a crime on your finances.My informal protest was held yesterday - and, let me say......OH, MY!I've lived in my home for 10 years, and never have I seen such an outrageous increase in property value. Imagine the taxes that w...
Read Post [Posted on 07/11/2014 By Gail Medina]
A home's value should not be based on square footage alone.  The truth is that the "average" price per square foot is a compilation of facts based on past sales.  These statistics should not be the only factor used in evaluating a home's price.  Every home is different, with features that make the home more or less desirable.  For example, a four bedroom home could possibly be ...
Read Post [Posted on 07/04/2014 By Pamela Kimmons]
Your date with Harris County Appraisal District (HCAD) has been set!  (well for most of us)....Call or check online to make sure your date has been set.  There is a long list of homeowners and business owners who will be protesting their property taxes.  So, if you're date has not been set yet, no fear - your time will come... for the first protest hearing. The Informal:The ini...
Read Post [Posted on 06/26/2014 By Gail Medina]
https://www.asc.gov/pages/FindAnAppraiser.asp This is a great resource to verify credential of an appraiser and also to look up a professional in your area. There is an advanced search option that can help narrow the list to active or inactive.  ...
Read Post [Posted on 06/24/2014 By Anuradha Prasad]
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Read Post [Posted on 06/12/2014 By Shadrick Bogany]
The Appraisal Institute is using a new form to help appraisers factor in energy-efficient home features when valuing homes. The forms can also be used by real estate agents in describing “green” properties on the MLS, the Appraisal Institute notes.  Everything from a home owners’ energy efficient appliances to solar panels may now get more attention from appraisals with the added form.  ...
Read Post [Posted on 05/31/2014 By John Askins]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 When protesting Your property taxes I think there is no exact secret besides being well prepared with facts and present your case with con...
Read Post [Posted on 05/14/2014 By Annette Jacobs]
Home appraisals coming in for lower than the agreed upon selling price of a home is making it difficult for some home buyers to take advantage of the rising market. About one-third of real estate professionals say low appraisals have caused a transaction to fall through, be delayed, or have to be re-negotiated, according to National Association of REALTORS® housing data.The main culprit for the di...
Read Post [Posted on 05/13/2014 By John Askins]
A Colorado State University (CSU) study looked into home prices in conservation developments, where residential real estate is limited and usually 50 percent to 70 percent of the land is set aside as open space. The research shows that home buyers are willing to pay a premium to live near such open, undeveloped tracts. Sarah Reed, co-author of the study, and her colleagues compared 2,222 ...
Read Post [Posted on 05/12/2014 By John Askins]
Your property taxes may go up significantly this year. If your only home is your homestead and you made no improvements, the increase in the taxable value of your home is limited by law to 10% per year. However, the taxable value on second homes and investment properties which is based on market value may have increased by 20% or more in Harris County from 2013 to 2014.Whether your homestead makes...
Read Post [Posted on 04/14/2014 By James Brodnax]
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