From the category archives:

Homeowners

Housing Prices vs. Sales

May 25, 2010

The news, both locally and nationally, has been upbeat on housing recently. The stimulus packages from the feds has brought some welcome relief to the market, however they have expired. Now we look to see what will happen.

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Property Taxes for Mecklenburg County

May 13, 2010

Ah yes, Property Taxes, a less than popular subject for many a homeowner!! In today’s real estate market, many homeowners are faced with property taxes based upon assessed values that do not necessarily reflect the current market conditions. This could cause some financial grief for the homeowner.

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Condemnation Appraisals

May 8, 2010

It is vitally important that you are aware of your rights when dealing with the various government agencies regarding the extremely sensitive subject of eminent domain.

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Income Approach

May 6, 2010

At times the Income Approach seems confusing to people. There’s no reason for it not to be. It really isn’t used often in everyday residential appraisals.

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The Cost Approach

April 27, 2010

The Cost Approach is the second approach an Appraiser can use in making a determination of value. There are two ways to determine the cost: reproduction cost or replacement cost. Reproduction is the exact replication of the house using the same materials, etc. Replacement is the cost to replace the house using today’s materials, etc less accrued depreciation.

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Sorry for the Lapse!!

April 21, 2010

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Comp Checks vs. Sales History

April 7, 2010

Surprisingly, there are still individuals and/or entities out there that will call and tell you they have an appraisal order, but before they spend their money or their client’s money they want to see if they could get a comp check to determine if the value is there for the loan to go through!! Of course they ask in many different ways – estimate of value, your take on the value, will the value come close to the number!! They want to hear a number.

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