Know the Answer Before You Ask the Question!!

by K. J. Mullen on March 3, 2010

in Buyers,Home Inspectors,Home Values,Homeowners,News,Sellers

Real estate economics - basic model

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The more you know the better off you’ll be…. It’s not who you know, but what you know…. sound familiar?

Well people today seem to have taken these seriously… they want to do it themselves because “if you want things done right…”. Seriously, it may be for many reasons, but they are finding a wealth of information on the internet to enable them to be more knowledgeable when they start a project or deal with professionals. Gathering information (research) in the areas of interest is more meaningful to them when it is performed by their own efforts. They may want to control the parameters or they think they can do it better themselves, thereby obtaining results that answer the questions they want answered. Once they get past the myriad of websites trying to make a sale or get information, they find many sites that give the information they need at no cost.

If the project is related to real estate (refinancing, purchasing, et al), there is a site to which home buyers and owners can go to check that their Lender is licensed in their State, a site to check if their Lender is FHA qualified, a site to check if the Appraiser is licensed and local (NC), a site to check if the Appraiser is FHA qualified.

There are sites that can help them find the property they are looking to buy in the Charlotte Metro area; sites that deal with the housing market both locally and nationally; there are sites that give information about State and Local information; sites that help you check the company’s reputation .

There is a site for selling your house yourself; a site to get estimates for around the house projects.

The Web is a plethora of useful information to start your research to get a good feel for the answers to your questions before you begin your project. If a professional is needed to complete your project, the research you did should complement the information you get from the professional. There may be refinements to the research you performed as it relates to your specific need, but at least you have a basis from which to discuss the project from a standpoint of basic knowledge.

Hopefully the above information sources will give you a starting point to find what you want to know about the real estate market in your local area within the Charlotte Metro and how to deal effectively in it. Should you want additional information on the Appraisal Process you may want to read our post.

If you would like specific information about how we can assist you with your appraisal needs, please feel free to contact us.

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