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Residential Real Estate Appraisals -- Good for the Pocketbook
by Luis Roque on Oct 26, 2011
It may cost you a little up-front money to do so, but I recommend getting an appraisal for your property. You have to verify the value of the properties you are purchasing. Appraising your residential real estate purchases is one way to do that.
One of things HIS Real Estate does in our California market is, every time we get an offer accepted, we spend money on a full BPO (Broker’s Price Opinion). We want to make sure that we have correctly figured the value of the property. If we have offered too much money for the property, we want to know this sooner rather than later.
Even though that appraisal is going to cost me a couple hundred dollars today, it’s better than making that wrong decision that will cost me a couple thousand dollars tomorrow.
I want to make sure that the value is right because a lot of times what happens is, although we purchase in very specific areas, there are those communities or neighborhoods that we don’t know....Read More >>
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