5 Steps Appraisers us in the Sales Comparison- Part 1 of 6

Part 1 of 6 – Appraisal Techniques for Real estate Brokers Welcome to the first of a six -part blog series which shows how residential appraisers value real estate using comparable sales.  I will take the methods we use and break them down into simple terms using real life examples.   Who should be reading […]

The 7 Most Common Issues and Errors with Real Estate Appraisals

The Art of Deciphering Appraisal Reports I conduct appraisal review assignments for attorneys, accountants, banks, lenders, appraisal management companies and other clients as part of my appraisal practice. There are two types of real estate appraisal reports which I review; FNMA or lender reports and market value or non-lender reports.  For this article I will […]

HOMESTEAD- Protect your Home

Friends of mine recently refinanced their house and the attorney pointed out that there was a change in Mass law to protect homeowners.  It raised the amount that you can protect significantly, but you must file with the county to get the protection.  The link below explains the law. http://www.massresources.org/homestead-act.html Under the amended Homestead Act, […]

Prices per Square Foot, the Truth for Home Buyers

A real estate appraiser’s perspective:  Buying a house based on the price per square foot is like paying for a car based on its miles per gallon; and yet to this day I see buyers, sellers, mortgage and real estate professionals discussing and using square foot price as a method for comparing homes to try […]

PMI Removal Appraisals

Have you given any thought to exactly what makes up your monthly mortgage payment?  If you purchased your home with less than 20% down payment, you are paying private mortgage insurance (PMI). PMI is an insurance you agreed to pay to compensate for the higher risk the lender took on your purchase.  With favorable market […]

How to Win a Property Tax Appeal

If you are a Massachusetts property owner and believe you are paying more than your fair share of property taxes you only have a limited amount of time to appeal, depending on your city or town.  Typically the appeal deadline is prior to the date of the first annual payment, although you still have to […]

Bankruptcy and Appraisals, What You Need to Know

Local attorneys report that most trustees overseeing chapter 7 and 13 bankruptcies will accept a simple broker’s opinion of value (BPO) or even a Zestimate. This means chances are you will not be required to get an actual real estate appraisal which helps keep your overall costs down and expedite the process; however, you should […]

What is the Actual Square Footage of My House?

Would you believe most people don’t really know how many square feet of living area are in the home they own, are about to list, buy or sell.  Our experience with Greater Boston real estate appraisals continues to prove this truth. ANSI Z-765 (the American National Standard Institute publication) is the go-to method for calculating square […]

Property Valuation for Divorce and Appraisals

In a divorce, the marital home is oftentimes sold, and any profits are split between the parties. Alternatively, if financially possible, one of the parties may buy out the other.  The question of “who keeps the house?” depends far more on the house value than it does on who is staying and who is going.  […]