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What kind of return can I expect from home improvements?
This will vary depending on the type of work that is done. Remodeling magazine publishes an annual “Cost vs. Value Report” that can answer this question in more detail, based on the top 15 home improvements. A recent study it conducted says the highest remodeling paybacks have come from siding and window replacements, major […]
What about appraised value and market value?
A certified appraiser who is trained to provide the estimated value of a home determines its appraised value. The appraised value is based on comparable sales, the condition of the property, and several other factors.
Market value is the price the house will bring at a given point in time, once the buyer and seller establish […]
What is the difference between list price and sales price?
The list price is a seller’s advertised price, or asking price, for a home. It is a rough estimate of what the seller wants to complete a home sale.A seller can price high, low—which does not happen very often—or very close to what they hope to get. A good way to determine if the list […]
Are there standard ways to determine how much a home is worth?
Yes. A comparative market analysis and an appraisal are the two most common and reliable ways to determine a home’s value.
Your real estate agent can provide a comparative market analysis, an informal estimate of value based on the recent selling price of similar neighborhood properties. Reviewing comparable homes that have sold within the past year […]
How do you determine how much a home is worth?
The short answer: a home is ultimately worth what is paid for it. Everything else is really an estimate of value. Take, for example, a hot seller’s market when demand for housing is high but the inventory of available homes for sale is low. During this time, homes can sell above and beyond the asking […]
What about appraised value and market value?
A certified appraiser who is trained to provide the estimated value of a home determines its appraised value. The appraised value is based on comparable sales, the condition of the property, and several other factors.
Market value is the price the house will bring at a given point in time, once you and the buyer establish […]
What is the difference between list price and sales price?
The list price is your advertised price, or asking price, for a home. It is a rough estimate of what you want to complete a home sale. A good way to determine if the list price is a fair one is to look at the sales prices of similar homes that have recently sold in […]
Are there standard ways to determine how much a home is worth?
Yes. A comparative market analysis and an appraisal are the two most common and reliable ways to determine a home’s value.
Your real estate agent can provide a comparative market analysis, an informal estimate of value based on the recent selling price of similar neighborhood properties. Reviewing comparable homes that have sold within the past […]
How do you determine how much a home is worth?
The short answer: a home is ultimately worth what is paid for it. Everything else is really an estimate of value. Take, for example, a hot seller’s market when demand for housing is high but the inventory of available homes for sale is low. During this time, homes can sell above and beyond the asking […]
Drought Imperils Second-Home Markets, Prices
By Curtis Seltzer
RISMEDIA, Oct. 31, 2007-At least with a flood, Noah could escape on an ark. With drought, he would have been stuck in the mud.
Drought has beset more than one-third of the U.S. in 2007. Much of the West continued its decade-long aridity, while parts of the Southeast-from Mississippi to Virginia-experienced extreme drought.
Global warming […]
Tips for Selling Houses in the Fall
RISMEDIA, Oct. 22, 2007-If you are looking to sell your home this year, don’t let the negative press surrounding the housing market discourage you. With favorable interest rates and a large buyer pool, this fall season can be a great time to put your house up for sale. Maximize this opportunity by pricing accordingly and […]
New California Appraisal Law is Good First Step to Protect Appraisers and Homeowners
RISMEDIA, Oct. 11, 2007-Last Friday, California Gov. Arnold Schwarzenegger signed into law, SB 223. This bill is an attempt to reform the system that puts pressure on appraisers to hit a predetermined value for a property, set by the mortgage brokers or homeowners to make a sale go through.
The American Society of Appraisers (ASA) believes […]
In a Recession, Does Land Offer Refuge?
By Curtis Seltzer
RISMEDIA, Oct. 8, 2007-If a recession is coming, is rural land a good place to have your money?
The answer does not depend on what your definition of “is” is. But there’s no one-size-fits-all answer, because much depends on the severity, length and characteristics of any economic pullback.
And everything else depends on the land […]
Real Estate 2.0: Sites Allow Users to Exchange Information about Houses
RISMEDIA, Sept. 18, 2007-(MCT)-It used to be you went to online real estate sites in search of pictures and information about homes for sale. Then came virtual tours, aerial maps, and easy access to data about comparable sales. Now comes a slew of sites encouraging you to chat about real estate online.
New sites encourage visitors […]
The Kitchen Goes on a Diet As Homeowners Trim Budgets
By June Fletcher
RISMEDIA, Sept. 18, 2007-(WSJ.com)-Many Americans are losing their appetite for costly kitchen makeovers. With pending home sales at a six-year low and home prices flat, people are no longer willing to sink as much money into their kitchens as they were during the boom. Spending on kitchen renovations costing more than $20,000 was […]
How to Donate Your Unwanted Time-share to Charity
By Lew Sichelman
RISMEDIA, Sept. 12, 2007-(MarketWatch)-Question: I have owned a time-share in Southern California since the early 1980s. The maintenance fees have risen beyond reason and it is next to impossible to find a decent exchange for it. I would like to donate the time-share and take a charitable tax write-off. There are charities that […]
New Siding Could Spark Home Sale
By Steve McLindenm
RISMEDIA, August 29, 2007— (Bankrate.com)–Siding replacement continues to pay back as much or more per remodeling dollar spent in a home’s resale value than any other major improvement. So, yes, it is obviously one of the most important elements in a prospective home-buyer’s view. The bad news is that on average, you will […]
Why It Makes ‘Cents’ to Include a New Garage Door in Your Home Remodeling Project
RISMEDIA, August 17, 2007—According to an online survey, 71% of homeowners who recently replaced their garage door believe it increased the value of their home.
And when real estate agents were shown “before” and “after” photos of houses that upgraded with new, stylish garage doors, they increased the estimated list price of the home anywhere from […]
Homeowners Get Real Estate Advice with Launch of ‘Help Us Sell Our House’ Portal
RISMEDIA, August 13, 2007–Sparo Publishing International, Inc. has announced the launch of Help Us Sell Our House™ (www.HelpUsSellOurHouse.com). The consumer-based Web portal identifies addresses and provides solutions for homeowners selling both primary residences and investment real estate holdings.
The Web portal offers both free and subscription-based articles, links and tips. Editorial content is strategically focused on […]
Beyond Curb Appeal: Take a Closer Look at a Home’s Landscape
By Amy Hoak, MarketWatch
RISMEDIA, August 1, 2007—(MarketWatch)—An infestation of carpenter ants signaled the demise of a shade tree in Doug Cowles’ yard almost 20 years ago when he lived in Downers Grove, Ill. In retrospect, he knows he should have given the trees a better look before buying the home.
“I had to pay to lose […]
Consumers: How to Benefit from Taking Charge in Home Appraisal Process
RISMEDIA, July 31, 2007—It is now vitally important that home buyers and sellers understand a home’s current market value as houses are staying on the market longer, and prices are falling in many areas.
“With all the publicity about foreclosures and scams surrounding the real estate finance industry, consumers are understandably nervous about buying and selling […]
The Great Outdoors: New Homes with Exceptional Backyards
RISMEDIA, July 20, 2007—Outdoor kitchens, super sound systems, inviting fire pits and bubbling fountains are becoming central to today’s new home designs as the popularity of home entertainment steps outside. New home outdoor living spaces take backyard barbecues to a new level in this week’s Trend Spot from Move, Inc., the leading online network of […]
Hot Housing Market Means More Need for Yard, Garden Work
RISMEDIA, July 16, 2007—(MCT)–Eileen N. Fanning can tell when new homeowners are shopping at her Pamelia garden center in Watertown, New York, by the items they choose. Hardwoods, shrubs, mulch, topsoil, stone, large trees and evergreens are ever popular.
With so many new homes coming on the market recently in the wake of the Fort Drum […]
Regional Spotlight: When You’re Fixin’ to Sell Your Home
RISMEDIA, July 4, 2007—(MCT)—As summer heats up, so does Weld County’s housing market. During the summer months, more homes are put up for sale and more buyers are searching for a new place to live.
But Weld home sellers might have to work a bit harder this summer than in years past to attract buyers. In […]
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