Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is …
Knowledge Is Power When It Comes to Appraisals and Inspections Read More »
As you begin to consider purchasing a new home one of the first things you should do is get an idea of what “the numbers” will look like. Ultimately the 2 most important numbers will be (1) the monthly payment and (2) how much money you will need at closing, but there are a lot …
In our last newsletter, we mentioned that we had met a highly recommended individual who specializes in Property Tax Appeals. Below is a primer on how the process works. Each of the 159 county assessors’ offices in Georgia now automatically issue annual assessment notices to all parcel owners. This is typically done between April 1st …
What does the appraisal report contain? Each report must reflect a credible estimate of value and must identify the following: The client and other intended users. The intended use of the report. The purpose of the assignment. The type of value reported and the definition of the value reported. The effective date of the appraiser’s …
A home purchase is the largest, single investment most people will ever make. Whether it’s a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off. So who makes sure the value of the property is in …
Oftentimes it may seem like a good idea to refinance to combine a first and second mortgages. If you have enough equity to keep your combined loans under 80% of the appraised value of your home this may work. There are some considerations however. If you’re existing 2nd mortgage was not used to originally to …
