Not only does the house you're selling have a fresh coat of paint; you changed out the light fixtures in the bathroom and upgraded the stove, too. But is it enough to impress the home appraiser who's come to assess your house's value In this article, we bring you up to speed before you put up your listing. What Does a Home Appraiser Look For? A home appraiser's role is to determine a home's value by...

Property Valuation is the process of estimating the value of real estate property is done by various methods as illustrated below. 1: Comparable property method: The average value of rate per unit area at which similar properties in the neighborhood were sold at is multiplied by the actual area of the current property. Adjustments to the calculated value are made to account for specific defects or...

Homeowners and appraisers rarely agree on a property's value, and for the vast majority of the past decade, homeowners have been overvaluing their homes. This year there has been a steadily increasing gap between what consumers thought their houses were worth and the worth determined by appraisers it's the first time in 24 months that homeowners overvalued their properties by greater than 9%. Home values...

The ratio affects your buying power... Your debt to income ratio is a simple way of showing what percentage of your income is available for a mortgage payment after all other continuing obligations are met. The ratio is one of the many things a lender considers before approving your home loan. A qualifying ratio of 28% is indicates the maximum percentage of your monthly gross income that the lender allows...