Q. We are having our house appraised next month.  What do I need to know beforehand, especially if the appraisal is too low? 

A. The purpose of a real estate appraisal is to establish a property’s value for financing purposes. This is different from a comparative market analysis (CMA), which real estate agents use to estimate a true market value. Professional appraisers are licensed and regulated by each state and follow federal guidelines.

The appraisal is a detailed report that is required by a lender to secure a loan. The appraiser’s job is to determine the valuation of a property by inspecting the property, taking measurements, examining the location of the property, comparing it to at least three similar properties, and evaluating the real estate market in the area.  It’s important to note that an appraisal is not a home inspection.

If the appraisal comes in too low…keep your cool.  If the house appraisal is lower than the sales price, the loan may not be approved.  Many times there are several things you can do to fix or correct any problems and flaws that may have been found.

Learn How To Maximize The Value Of Your Home! 

Did you know there’s a free consumer report showing which repairs and fix-ups will net you the most value for your home?  It’s call the “Homeseller’s Guide To Money-Making Fix-Ups,” and it’s great even if you’re not planning on selling soon.  You can get a free copy by visiting our webstie at…

www.MarcsHomes.Com

Take a tip from local pest control companies! Here’s an easy and SAFE way to get rid of those pesky ants.  Try sprinkling cornmeal anywhere you see ants. The ants eat it and take it back to their ant colony. They can’t digest the meal, so it kills them. This is a safe way to rid your home of ants without harmful pesticides that can hurt pets or small children.

Found this joke and wanted to share a laugh for the day!

Tammy’s dishwasher stopped working so she called a repairman to fix it.  She left her key under the doormat while she was at work with a note:  “Please fix the dishwasher.  Leave the bill on the counter and I’ll send you a check.  Don’t worry about my bulldog…he won’t bother you.  But remember whatever you do…do not talk to my parrot!”

While the repairman went about his work the meanest looking bulldog he’d ever seen calmly watched him. 

The parrot, however, was driving him crazy with its relentless yelling and cursing.

Finally, the repairman couldn’t take it anymore and yelled, “Shut up you stupid bird!”  To which the parrot replied, “Get him, Spike!”

Ha ha ha! Have a great day!

Learn How To Maximize The Value Of Your Home! 

Did you know there’s a free consumer report showing which repairs and fix-ups will net you the most value for your home?  It’s call the “Homeseller’s Guide To Money-Making Fix-Ups,” and it’s great even if you’re not planning on selling soon.  You can get a free copy by visiting our webstie at…

www.MarcsHomes.Com