Unlocking the 12 Reasons why you should Ignore Price per sq. ft.

Appraisal’s Greatest Secrets Revealed: 12 Characteristics Influencing your Home’s Value. If you are a single family home buyer’s or seller’s agent, you had your share of conversations with buyers and sellers who want to base their purchase or sale on recent prices per square foot.  This is a terrible idea.    Price per sf is like miles per gallon in a car. It is as easy to calculate […]

Aladdin’s Corner: What to know when getting an Appraisal during a Divorce

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 […]

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 […]