by Appraisals Unlimited | Oct 28, 2021 | Real Estate Appraisals, Residential Appraisals
The housing market is showing signs of cooling as the pandemic-fueled demand slows, and yet prices still remain high. A report from the National Association of Realtors released in September showed the share of first-time homebuyers to be at a 2½-year low and houses...
by Appraisals Unlimited | Oct 14, 2021 | Real Estate Appraisals, Residential Appraisals
The purpose of an appraisal is to determine the estimated value of a home.. It is one of the last steps in the home buying process that occurs after a seller has accepted an offer and work has begun with a lender. A home appraisal is also an important part of the...
by Appraisals Unlimited | Sep 28, 2021 | Real Estate Appraisals, Residential Appraisals
The price of homes has been surging over the past year, which is an anomaly when it comes to the housing market. The pent-up demand during the shutdowns, lifestyle changes people made during the pandemic, and low-interest rates were the driving force behind the...
by Appraisals Unlimited | Sep 10, 2021 | Real Estate Appraisals, Residential Appraisals
Today’s housing market is short on supply and high on demand, forcing buyers to go all out with their bids often resulting in paying well above the home’s appraised value. When this occurs it is referred to as an appraisal gap and may seem like a risky move as the...
by Appraisals Unlimited | Aug 27, 2021 | Real Estate Appraisals, Residential Appraisals
Home appraisals are a necessary part of the home buying, selling, or refinancing process. In a purchase and sale transaction, an appraisal is used to determine whether the home’s contract price is appropriate. This protects the buyer from overpaying for a property and...
by Appraisals Unlimited | Aug 11, 2021 | Real Estate Appraisals, Residential Appraisals
When it comes to the sale or purchase of a home, selecting the best real estate appraiser is important. While there are many appraisers out there, a good appraiser gives buyers and lenders surety they are making a good investment. A high quality real estate appraiser...
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