On a regular basis, I appraise homes that need some type of repair. It may be as simple as replacing an outlet, or as complicated as renovating a home. In the appraisal process, the appraiser has to estimate a cost to cure many types of repairs. Why do appraisers use the term, cost to "cure",… Continue reading How Cost To Cure Works
Every now and then I like to write about gross living area. (GLA) There are several reasons for this. First, it is often the sole metric by which people, who are not appraisers, use to estimate the value of their home. Second, while appraisers adjust for other features of a home, gross living area is… Continue reading Is It Gross Living Area or Not?
What’s the weather like in your area? Are temperatures cooling or warming? Just stepping outside, it’s usually easy to feel the changes. As temperatures change, so do the behaviors of animals. Take for example, the Snowy Tree Cricket. It's an amazing little creature. As temperatures change, so do the sounds of their chirps. Check out… Continue reading The Snowy Tree Crickets of Real Estate
Real estate professionals have had a very busy year. Homes are selling, often within days, with multiple bids. This is largely due to an extended period of a shortage of home listings. This shortage has driven home prices up across the country. You can see this happening in my graph below, which reflects the relationship… Continue reading Closing The Gap Between Yesterday’s Prices & Today’s Values
Can a dirty or messy home impact its market value? Find out in my article. I hope you enjoy it!