In this Issue:* Home Improvements That Still Pay Big Returns Appraisals: What They Mean For Your Mortgage Home Prices Rising: Three Straight Months (Your comments are welcome at the bottom of our newsletter) Home Improvements That Still Pay Big Returns Home improvements are obviously investments in your home, and most homeowners have a list of […]
Appraisals Scuttling Home Sales
Some people interested in selling their home have had difficulty doing so, not because they haven’t been able to find a buyer, but because the bank’s appraiser says the home isn’t worth what the home was selling for. A number of recent reports have highlighted the difficulty many buyers and sellers are having with appraisals […]
Lower Home Appraisals Will Help Some, Hurt Others
Lower Home Appraisals Will Help Some, Hurt Others Those who get hurt by lower appraisals are the sellers, who become underwater or even more than 25% underwater, which appears to be the threshold for mortgage mitigation programs. The lower the appraised value, the less likely a servicer will be willing to offer a Short Sale […]
Selling a Home? Get an Accurate Appraisal First
Selling a Home? Get an Accurate Appraisal First In an effort to save a few dollars in this down economy, many would-be-sellers today are turning to computer generated reports to establish the value of their property, rather than paying for a full appraisal. These sites use data that is collated from various resources to come […]