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Doesn't It Make Sense for the Listing Home Size to Match the Appraisal Home Size?

Real estate is a price per square foot industry so why do most in the industry list a home for sale without measuring the home to determine a list price?  Most agents rely on home size information found in county records to determine the listing price of the home.  The assumption is...

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Home Valuation, Appraisal Process = Snooze Fest... Not Really, Here's Why!

I know what you are thinking...home valuation, appraisal process, blah, blah, snooze fest, boring!  Not so fast!  Have you ever thought about what the term "valuation" means? Let's break this down. "Valuation" means setting the "value" of something.  The word "value" means worth,...

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A Cautionary Tale About Not Verifying Home Size

The year was 2014.  Sam and April were a young couple with 2 small children.  Sam had just gotten a job promotion and the family was relocating from Dallas to San Antonio.  Their 3 bedroom, 2 bath, 2,375 square foot home in Dallas was under contract, out of the option period and 14...

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12 Home Renovation Tips for the Real Estate Investor

Renovation Tip #1:  When replacing a section of drywall, plan on replacing the entire wall.  The thickness of drywall can vary and matching an existing texture in the middle of the wall can be difficult. 

We learned this one the hard way.  We were remodeling a house built...

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5 Ideas to Create a Custom Look That Will Increase the Value of Your Home

How can you create a custom look in your home? This article will give you some ideas on adding custom looks that will add both market value and marketability to your home. Market value and marketability are terms that seem to confuse people.  Market value is a number supported and based on...

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How to Prepare for the Appraisal Site Visit

Have you heard the saying “You never get a 2nd chance to make a 1st impression.” ?  This statement certainly applies in the real estate business.  A buyer’s 1st impression of a home is critical.  Chances are if the 1st impression of the...

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Tips For Adding Value to Your Home Using the Space Above the Garage.

Do you have space above your garage that you would like to convert to living space?  You picture a game room or teenage hangout.  Is it wise to spend money on this space?  It certainly can be if you understand the real estate appraisal process so your renovation dollars are used in...

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Understanding How An Appraiser Makes a Determination on the Quality of Home

Do you have a listing that is not selling because it needs updating yet the owner does not think the house is outdated? This article will give you information to share with your client that explains how quality updates can affect market value.  Understanding how an appraiser looks at a home...

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Understanding the Appraisal Process: An Overview

Have you ever wondered what those mysterious appraisers do and how they determine a home's value? Our appraisal expert worked as a residential appraiser for over 15 years appraising over 1o,ooo homes. We will be doing a series of posts explaining the residential appraisal process. We hope that...

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What are the ANSI Measurement Standards and why are they important in the Appraisal Process?

Did you know there are measurement standards when measuring the square footage of a home?  Measuring a home is more than just calculating the square footage.

In April, 1996 the American National Standards Institute (ANSI) adopted a standard for measuring single-family residential buildings....

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How Much Value Will a Pool Give My Home?

The Pool Question

How much value will a pool give my home?  A short specific question with a complicated and non-specific answer: “It depends…”

The “It depends” answer is not much help to real estate agents, homeowners, or investors.  Maybe understanding...

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