Valuation Experts is your local home appraiser. Union County is one of the most desirable areas in North Carolina. And even further down the spectrum you see areas that are splendid where NC house values are strong. The best way to find out the accurate truth is to order an real estate home appraisal from Valuation Experts.
How can you determine Union County, North Carolina Property Values? By hiring a local Union County, NC appraiser who has extensive experience appraising Waxhaw, North Carolina Properties. Because of this, the appraiser's job holds great importance to anyone who seeks to buy or sell a home in Union County, as they are the ones who through extensive research determine Indian Trail property values.
Home value is very important in Monroe,NC, Indian Trail, NC, Weddington, NC, Waxhaw, NC, Stallings, NC as homes values could be depreciating. There is nothing more encouraging than knowing the actual property value of your Union, NC. Get your Home Value form a home appraiser who knows Marvin, NC well. Home value is determined by critically examining all of the available data related to a particular home. Many Weddington Realtors now have the ability to post all of the listings in the Carolina MLS on their own public websites. Most Multiple Listing Services also upload their inventory to national sites. These numbers can be misleading in a declining market.
A property coupled with an appraisal equates to Union County, home value. This is accomplished by taking recently sold sales, and active and pending listings of the Mecklenburg, County home and comparing it to an average set of standards, which are dictated by the Waxhaw, NC home values in the area. In its simplest form the home is compared to House A and to House B and from there an estimated home value is determined. Although this is a brief summary at best, it does help to illustrate the principles of home evaluation. Union County NC appraisers are ready to assist you!!
Get a real estate appraisal today by clicking on the “order appraisal tab”. In the world of Iredell County, North Carolina real estate there is nothing more important than a Cabarrus, County NC real estate FHA appraisal. Since this is the case, understanding some of the aspects that a real estate appraisal looks at should be a top priority for anyone wishing to buy or sell property because an educated consumer is most often a happy one. Determine your home value by ordering a real estate appraisal from Valuation Experts, in Matthews, Charlotte, Union County, North Carolina. If you need a Charlotte, NC appraiser, give Us a call, we can help.
Sunday, December 13, 2009
Sunday, November 29, 2009
Charlotte Appraiser Explains the Market
Real estate appraisers Charlotte NC use recent sold comparable properties and make adjustments to those homes to make them similar to the subject property.
Here is a preferred list of residential appraisers
1. Valuation Experts, Inc.
www.valuation-expert.com 704-989-7283
1. Real Estate Appraisal - Introduction
The first step that the appraiser takes is to determine and discuss the scope of work with the potential client. The scope of work may include the appraiser measuring the property, or may not include measuring of the property. Other issues concerning the scope of work are: how much investigated work will the appraiser do, and to what extent? A appraisal can be done on any property type, whether it's a 1900's victorian, to a new home in a cookie cutter subdivision.
Next the Charlotte Appraiser will determine who the client is, and the intended use of the appraisal, and the intended user of the appraisal. The appraiser will have a contract for the client, and therefore will and can only discuss the appraisal results only to the client. If at the beginning of the appraisal process, the client instructed the appraiser to include other intended users, then and only then the appraiser can discuss with other individuals the appraisals results.
2. Why get a Real Estate Appraisal and What are the Benefits?
When real estate is appreciating, not much concern to the value of the property is taken into consideration. In these markets, buyers usually buy using more emotions, and wants, and they are not really concerned about the value of the property. Now that the markets are soft, and prices are declining in some areas, a real estate appraisal may help you from making a big financial mistake. A big misconception is that a home appraisal for a lending client, is for the benefit of the home buyer. This is simply untrue. The lender orders the appraisal for their sole benefit, not the buyer. The lender wants to know what the home is worth, so they can know how much to lend on, and determine the appropriate LTV.
What are Some of the Items that Add Value?
A Charlotte real estate appraiser will look at the entire structure, and property improvements to see if any contributory value is noted. For example, in some new subdivisions, there will be a 3,000 square foot home for $400,000, and another 3,000 square foot home for $300,000, and some home buyers and real estate agents do not understand why this can be. Real estate agents and buyers both like using the cost per square foot theory to compare and determine if the property that they are considering buying is within "ball park" range. The first home was sold for $133.00 a square foot, and the second home sold for $100.00 a square foot. By this example, one can easily see why one should not use the square foot method for determining property values. It is certainly OK to use this method as a starting point, and nothing more.
So why the huge difference in values for homes with the same square footage?
Homes in Charlotte vary in design, appeal, and quality of construction. These are the main culprits that make homes differ in price. In new construction subdivisions, prices will vary mainly do the cost to construction of the home, and the amount of upgrades of the home. The cost of construction includes the pitch of the roof; the amount of corners and out sets of the home; brick veneer front, part or whole; exterior detail, and trim work; height of ceilings, number of rooms, and bathrooms. Next, is the amount of interior upgrades. A home buyer must be careful when choosing interior upgrades. Interior upgrades can add value to your home or detract value from the home. It is also important to realize the price point of other homes in the neighborhood, and determine if the upgrades will support and make sense at the price point of the property that you are considering buying.
For example, if the median price range for the neighborhood is $200,000, it would probably not be benificail to add travertine tile in the kitchen, and all baths, and exotic imported Italian marble to the counter tops. Although it may be benifiacil to upgrade granite counters in the kitchen, and to add hardwood floors to the lower living area. The homeowner should take into consideration the price point of the neighborhood, consider the desirability of the area, and lastly make good upgrade selections
1. A appraiser Charlotte NC will consider the intended user and use.
2. A real estate appraiser Charlotte NC will discuss the scope of work with the potential clients.
3. Appraisers Charlotte NC will make a condition rating of the property that is being appraised.
4. An appraiser Charlotte NC will choose comparable sales that are substitute properties for the home being appraised.
5. Appraisers Charlotte North Carolina will take into consideration the quality of construction, condition, location, and size of both the property that is being appraised, and the selected sales.
Here is a preferred list of residential appraisers
1. Valuation Experts, Inc.
www.valuation-expert.com 704-989-7283
1. Real Estate Appraisal - Introduction
The first step that the appraiser takes is to determine and discuss the scope of work with the potential client. The scope of work may include the appraiser measuring the property, or may not include measuring of the property. Other issues concerning the scope of work are: how much investigated work will the appraiser do, and to what extent? A appraisal can be done on any property type, whether it's a 1900's victorian, to a new home in a cookie cutter subdivision.
Next the Charlotte Appraiser will determine who the client is, and the intended use of the appraisal, and the intended user of the appraisal. The appraiser will have a contract for the client, and therefore will and can only discuss the appraisal results only to the client. If at the beginning of the appraisal process, the client instructed the appraiser to include other intended users, then and only then the appraiser can discuss with other individuals the appraisals results.
2. Why get a Real Estate Appraisal and What are the Benefits?
When real estate is appreciating, not much concern to the value of the property is taken into consideration. In these markets, buyers usually buy using more emotions, and wants, and they are not really concerned about the value of the property. Now that the markets are soft, and prices are declining in some areas, a real estate appraisal may help you from making a big financial mistake. A big misconception is that a home appraisal for a lending client, is for the benefit of the home buyer. This is simply untrue. The lender orders the appraisal for their sole benefit, not the buyer. The lender wants to know what the home is worth, so they can know how much to lend on, and determine the appropriate LTV.
What are Some of the Items that Add Value?
A Charlotte real estate appraiser will look at the entire structure, and property improvements to see if any contributory value is noted. For example, in some new subdivisions, there will be a 3,000 square foot home for $400,000, and another 3,000 square foot home for $300,000, and some home buyers and real estate agents do not understand why this can be. Real estate agents and buyers both like using the cost per square foot theory to compare and determine if the property that they are considering buying is within "ball park" range. The first home was sold for $133.00 a square foot, and the second home sold for $100.00 a square foot. By this example, one can easily see why one should not use the square foot method for determining property values. It is certainly OK to use this method as a starting point, and nothing more.
So why the huge difference in values for homes with the same square footage?
Homes in Charlotte vary in design, appeal, and quality of construction. These are the main culprits that make homes differ in price. In new construction subdivisions, prices will vary mainly do the cost to construction of the home, and the amount of upgrades of the home. The cost of construction includes the pitch of the roof; the amount of corners and out sets of the home; brick veneer front, part or whole; exterior detail, and trim work; height of ceilings, number of rooms, and bathrooms. Next, is the amount of interior upgrades. A home buyer must be careful when choosing interior upgrades. Interior upgrades can add value to your home or detract value from the home. It is also important to realize the price point of other homes in the neighborhood, and determine if the upgrades will support and make sense at the price point of the property that you are considering buying.
For example, if the median price range for the neighborhood is $200,000, it would probably not be benificail to add travertine tile in the kitchen, and all baths, and exotic imported Italian marble to the counter tops. Although it may be benifiacil to upgrade granite counters in the kitchen, and to add hardwood floors to the lower living area. The homeowner should take into consideration the price point of the neighborhood, consider the desirability of the area, and lastly make good upgrade selections
1. A appraiser Charlotte NC will consider the intended user and use.
2. A real estate appraiser Charlotte NC will discuss the scope of work with the potential clients.
3. Appraisers Charlotte NC will make a condition rating of the property that is being appraised.
4. An appraiser Charlotte NC will choose comparable sales that are substitute properties for the home being appraised.
5. Appraisers Charlotte North Carolina will take into consideration the quality of construction, condition, location, and size of both the property that is being appraised, and the selected sales.
Saturday, November 28, 2009
Charlotte NC Housing Market
The Charlotte market has greatly improved within the past couple of months. Housing inventory has decreased, and sales have risen. Also, the continuation of the Home Buyers Tax Credit should further to stabilize the market. Experienced Charlotte appraisers should be studying the supply/demand of homes in the market area. Also, Charlotte NC appraisers should be looking at the amount of REO properties on the market. Normally, these types of sales should not be used as comparable properties. These types of sales are stigmatized by the market and the "condition of sale" has been affected. Real estate appraisers in Charlotte, NC, should only use REO sales if these types of sales are driving the market, and there is no distinct price difference between normal market sales and REO sales.
Saturday, March 7, 2009
Charlotte NC Appraiser
What is FHA Mortgage Insurance? For the homebuyer, FHA-insured loans offer competitive rates, smaller downpayments, greater flexibility in calculating household income and payment ratios, and protection requirements against foreclosures. For lenders our mortgage insurance protects lenders against loss if the homeowner defaults on his or her mortgage loan. While FHA insured-loans must meet certain requirements established by FHA to qualify for the insurance, lenders bear less risk because FHA will pay the lender if a homeowner defaults on on his or her loan.
Why does FHA Mortgage Insurance exist?
Unlike conventional loans, FHA-insured loans require small down payments. There is more flexibility in an FHA loan than conventional loans in calculating household income and payment ratios. The cost of the mortgage insurance is passed along to the homeowner and typically is included in the monthly payment. For more information visit: http://portal.hud.gov/portal/page?_pageid=73,1828
Appraisers in Charlotte NC understand FHA rules and regulations. Charlotte appraiser are up to date with the ever changing guidelines to ensure the appraisal meets FHA guidelines. For more information on appraisers in Charlotte, please vist the following websites for more information www.valuation-expert.com www.charlotte-appraiser.net and www.appraisercharlottenc.com
Why does FHA Mortgage Insurance exist?
Unlike conventional loans, FHA-insured loans require small down payments. There is more flexibility in an FHA loan than conventional loans in calculating household income and payment ratios. The cost of the mortgage insurance is passed along to the homeowner and typically is included in the monthly payment. For more information visit: http://portal.hud.gov/portal/page?_pageid=73,1828
Appraisers in Charlotte NC understand FHA rules and regulations. Charlotte appraiser are up to date with the ever changing guidelines to ensure the appraisal meets FHA guidelines. For more information on appraisers in Charlotte, please vist the following websites for more information www.valuation-expert.com www.charlotte-appraiser.net and www.appraisercharlottenc.com
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