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real-estate
How To Get The Highest Appraisal
When you are trying to sell your home, the appraisal is the figure that will determine how much you can easily sell your home for, and ultimately, how much money you can make. If you’re like most homeowners, you want this number to be as high as possible. Here’s how to get the highest appraisal for your home:
Boost Your Curb Appeal.
First impressions count, and this especially holds true in the case of having your home appraised. Prior to having your home appraised, make sure the lawn is mowed, the bushes have been trimmed, and fresh mulch has been dispersed. If you have been wanting to paint your door or outside of the home a new color, now is the time to do so. You want your appraiser to have a positive impression of the home from the first time he or she steps foot through the door.
Clean the House.
Many homeowners skip this step, but if a house is clean, it’s much easier to see the features that will ultimately lead to a higher appraisal price. Take some time to vacuum, dust, and organize your home.
Hide Clutter.
While you’re cleaning your home, make sure you’re putting away as much clutter as possible. If an appraiser is going through the home, he or she might be overwhelmed by the clutter and unable to make a fair and accurate assessment. You want to present the home in the best state possible, so that ultimately starts with reducing clutter.
Make Home Improvements.
You can easily increase the value of your home by making strategic home improvements. For example, upgrade your current countertops to granite or upgrade your current appliances to stainless steel appliances. Also, if your home is painted with any strong colors, take some time to repaint them with neutral colors.
Prepare a One-Sheet.
If you can, prepare a one-sheet with all of the pertinent information about your home. In this one-sheet, you can include information about the year in which the home was built, any notable features or facts about the home, the square footage, whether or not any renovations have been made, and what comparable homes in the area are being valued at. If you do this, your appraiser will have an easier time remembering everything that’s great about your home and will hopefully be able to assign a higher value to you.
Wright Mortgage Services
IS IT TIME TO BUY THAT DREAM(HOME)
Consumers are a little too nervous to take advantage, even though the combination of low rates and low prices would seem to make this the best time to buy a home. Anyone who’s taking out a mortgage now has never had better rates in their entire life. Interest rates, for instance, will affect your monthly payment as you saw in the section on costs associated with buying a home. When rates are low, you’ll pay less. When rates are high, your payment will be higher. Economic factors such as inflation, cost of living and market conditions, affect interest rates. Buying real estate in volatile economic times, a bad market or the wrong time frame could cost you everything. Not only are seasons important to consider when buying real estate, but seller circumstances and motivation are also significant factors. Become informed and understand what to look for so you will know when is the best time to buy real estate.
Home prices have declined to a level that’s more in line with household incomes than at any time in the past several years. Residential real estate prices were artificially inflated because of wider access to easy-to-qualify loans that had features making affordability of payments, even if only for a year or two, seem attractive. So home buyers only looked at the payment, not the loan features or the price of the property. The idea was that home prices would continue to rise, and the borrowers would at some time refinance the loan or sell the house to recoup the equity and buy a different property. If you are anxious to get moving, be patient. You have a few things to do first:
- Go to open houses – get the lay of the land
- Talk to Wright Mortgage to get pre-approved
- Interview agents (You may want to find an agent at the same time as you look for a mortgage broker – a good agent can recommend reputable brokers and help you make sense of the terms of the loan)
- Review credit report and scores with mortgage broker to determine if any repairs are needed
Mortgage Pearland, TX/Wright Mortgage 