While the tools carried by appraisers are fairly limited, there are tools today that create a more effective and efficient appraiser. Appraisers are often known as the professionals behind the scene as often times they inspect vacant properties or they complete inspections with a brief and (appearing to be a very) cursory visit. The report writing process takes hours of an appraiser’s time. The inspection represents typically only 5-10% of their time on a property. While an appraiser’s goal is to conduct a thorough inspection, these inspections differ from home inspections. While the inspection for an appraiser’s is not as verbose as a home inspector, they do gather several key features about a property. Tools of the Real Estate Appraiser One standard tool for real estate appraisers is a measuring tool for the property. This often varies from a tape measure to a laser measure. Technology has increased the accuracy and efficiency

They are a crucial part of home safety. They are typically required to be installed inside each bedroom, outside each sleeping area and on every level of the home, including the basement. On levels without bedrooms most states recommend installing alarms in the living room (or den or family room) or near the stairway to the upper level, or in both locations. This may even be required if your home does not burn fossil fuels. Be safe and purchase a Carbon Monoxide detector from amazon. They are relatively cheap and can save a life. Not to mention, these may hold up the sales process if they are not properly in place.  

This is a high level view of Real Estate Transactions that have occurred in the the town of East Longmeadow, MA – Hampden County over the past 2 years. We often gauge local markets for trends, inventory, values etc. and often tend to focus on medians for a measure for central tendency. While averages are fairly common to represent data, averages may often be heavily weighted by outlier sales. If you would like to see data within your town/city or neighborhood, please contact us today.

Do interest rates have an impact on your home value? While the answer to this question is often debatable, lets consider the buyer’s situation. Assuming a place where you could borrow interest-free and had the ability to make a monthly payment of $1,000 a month. Since there is no interest, this buyer can afford a mortgage where his monthly payment is $1,000. Lets remove tax, PMI*, insurance since these are add-ons to a mortgage regardless of your interest rate. With a 30 year fixed rate at at 0%, this buyer could afford a home worth $375,000 (excluding the above add-ons). With a 30 year fixed rate at at 2%, this buyer could afford a home worth $275,000 (excluding the above add-ons). With a 30 year fixed rate at at 4%, this buyer could afford a home worth $225,000 (excluding the above add-ons). With a 30 year fixed rate at at

Investing in a new property is an extraordinary approach to procure you more money. This is more beneficial than selling real estate properties. People these days are having the choices of buying new assets and new properties. What you would need to do is a strategy on the best way to attract a tenant or buyer for your property. There are numerous ways on the most proficient to invest in a recently acquired property. Regardless of whether it is a land, building, home or any kind of property you have obtained. To make it simpler, here are some ways on how to contribute another benefit. Invest in Property You Want The principal thing you have to do is to choose the best property you want to invest in. Nowadays, there are individuals who are requesting for a house that is effectively situated in a urbanized area. So you would need to pick a property