Real Estate Articles
The Most Desired Home Size
December 10, 2010 by Janet Anderson & Company · Leave a Comment
By Melissa Dittmann Tracey, REALTOR® Magazine The “small home” craze continues as buyers say they find less square footage more desirable. Nearly half of Americans say their ideal home size would range from 1,000-1,999 square feet, according to a recent survey by Relocation.com of nearly 1,500 home owners and buyers. Just five years ago, the National [...]
Appraisals 101: What’s in an Appraisal
November 9, 2010 by Janet Anderson & Company · Leave a Comment
An appraisal is a dense multi-paged, document; usually on a form acceptable to Freddie Mac or Fannie Mae (their endorsement(s) are on the bottom of the page.) The appraisal is around 13 legal size pages, but the last five pages are boilerplate in which the appraiser certifies his methods, and outlines the limiting conditions of [...]
Appraisals 101 – BPOs, Broker’s Price Opinions
November 4, 2010 by Janet Anderson & Company · Leave a Comment
A BPO or broker’s price opinion is commissioned by a bank (often because of a pending foreclosure) or an attorney handling a divorce or an estate. These are used in situations where the agent may be unable to access the interior of the house and must rely on a drive-by and information on comparable home [...]
Appraisals 101 – CMAs, Comparative Market Analysis
November 2, 2010 by Janet Anderson & Company · Leave a Comment
Appraisals are often confused with two other types of less formal home evaluations, CMAs and BPOs. When an owner prepares to sell a home he usually requests a Comparative Market Analysis (CMA) from one or more real estate agents. Agents look at comparable homes in the neighborhood that are on the market or have recently [...]
Appraisal 101 – 4 Part Series on Appraisals and What is Inside Them
October 28, 2010 by Janet Anderson & Company · Leave a Comment
Appraisal is probably a word that was brought up when you were buying your home or refinancing. You dug into your pocket and paid $300 or $400 but you probably have never seen your home appraisal. You paid for it, you own it, you have a right to a copy of your home appraisal, but [...]
15 Best Ways to Increase the Value of Your Home
October 21, 2010 by Janet Anderson & Company · Leave a Comment
Reposted from freshome The value that you have in your home is the single most important reason why you own instead of rent a home. In the this recent economy of falling house values and unstable housing market statistics, every home owner should know how to put more value back into their homes. Although making [...]
