5 Things To Consider Before Buying REO

So you want to buy a home. But not just any home—it has to be your dream home; which you can only afford if it were real estate owned (REO). Here are the facts: • REO properties are a great option when you have financial limitations but really, absolutely want to find and own a […] read more

On November 25th, 2014, posted in: Blog and News by

How Do Appraisers Pick Comparables?

If you are out there in a free market to purchase or sell your house, you will likely hear the term “comps” or comparables used more than once. Comparables are usually a topic of great debate between real estate agents, appraisers, loan underwriters, buyers, and sellers throughout the buying and selling process. So… What Are […] read more

On October 6th, 2014, posted in: Blog and News by

How Do Appraisers Measure Square Footage?

One might think that measuring the square footage of a house for an appraisal is pretty simple and methodologically basic. Many of us think that measuring the square footage is all about taking out a measuring tape, perhaps dividing the building area into measurable square partitions, then measuring those partitions and finally adding those partitions- […] read more

On September 25th, 2014, posted in: Blog and News by

Who Can Order a Home Appraisal?

A home appraisal report can be ordered by anyone; however, depending on the “intended use” the report may need to be ordered by specific persons to be utilized. A good example of this is mortgage lending: if your loan is to be sold on the secondary market to Fannie Mae, Freddie Mac or is an […] read more

On September 1st, 2014, posted in: Blog and News by

How Long Are Home Appraisals Good For?

Technically, an appraisal report is always “good” as it is an opinion of value assigned to the property at a given date. However, for purposes such as mortgage lending the appraisal typically must be no older than 90 days. This number is used since real estate is typically in flux throughout the year and is […] read more

On August 17th, 2014, posted in: Blog and News by

How Accurate Are Real Estate Appraisals?

To answer this question we must first understand what type of value a home appraisal provides. Most appraisal assignments are completed to determine “Fair Market Value” of a property at a given time, which can be current, future or past. Fair market value, or market value for short, is defined as the most probable price […] read more

On August 8th, 2014, posted in: Blog and News by

Does Landscaping Add Value to Your Home

Landscaping is usually related to a home’s trees, lawns, bushes and flowers. But other things may also be considered part of landscaping, including fire pits, decks, patios, waterfalls, swimming pools and outdoor lighting … all of which could increase the value of the house. By and large landscaping and trees aren’t taken into account when […] read more

On July 25th, 2014, posted in: Blog and News by

Understanding the Home Appraisal Process

A few tips on home appraisals from your local Austin Property Appraisers What are the key steps in the appraisal process? When it comes to residential appraisals there are two processes; the site visit, often called the inspection, and the report writing. The site visit is the process by which your austin property appraiser appears […] read more

On July 14th, 2014, posted in: Blog and News by

Can Buyers Make Home Repairs Before Closing?

In some real estate situations, the buyers may ask if repairs can be done before the closing of the sale. This is often the case for homes where financing isn’t possible; foreclosures with no heater, no stove and missing toilets as an example. For the sake of oversimplifying the matter, the answer is “no.” It […] read more

On April 7th, 2014, posted in: Blog and News by
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