When beginning the process of purchasing a home, your mortgage lender would want to know whether the house that you are interested in buying is worth the amount that you are interested in spending. They need to inspect the house for anything that could devalue the home or increase the properties. An appraiser is then brought in to complete this process. Here are four simple questions in regards to the home appraisal process.
Question: What is a home appraisal?
Answer: A property appraisal is a...
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Author: manfra
6 Facts Divorce People Need to Know About Real Estate Appraisal
Going through a divorce is already a difficult process for all parties that are involved. One of the most difficult decisions that arise from most divorce situations is the question of “whose going to keep the house?” The key to negotiating a divorce property settlement depends on a fair, unbiased assessment of the value of the property. For an accurate assessment of a property, the expertise of a professional real estate appraiser is needed. Here are six factors to keep in mind when working wit...
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U.S. Real Estate to Attract More Foreigners This Year
According to a survey by the Association of Foreign Investors in Real Estate, polling 200 members, 64% of those who respond said that they are intending to make major U.S. real estate investments this year. While 31% of the responders expect to maintain their holding or reinvest sales proceeds into other United States assets
Jim Fetgatter, chief executive of Association of Foreign Investors in Real Estate (AFIRE) notes that this is “a very strong response.” AFIRE members hold about $2 trillio...
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FHA Announces 2016 Loan Limits
The Federal Housing Administration announced its new loan limits for 2016, it is recorded that 188 counties will see an increase due to changes in housing prices and that there will be no decreases in the loan limits in any counties
For areas that are considered to be high cost, such as the cities of San Francisco, Washington D.C., New York, and Some Parts of Los Angeles, The FHA loan limit will stay at the national ceiling at $625,500. The FHA loan limit for areas that are considered low cos...
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How to Prepare for a Home Appraisal for Refinancing
Refinancing your mortgage loan can reduce your current interest rate and monthly payments. Getting approved for a refinancing is just the first step, a lender will not give more than what the property is worth. This is why an appraiser is important because they will assess the value of the property. An appraiser takes many factors into determining properties worth such as the size of the property, the number of bedrooms, and the current condition in which the property is in right now. But there ...
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Are We Heading Towards Another Housing Bubble?
Basic laws of supply and demand would state that when demand is high and supply is low, the price would also be high. The prices of homes have steadily increased due to the high demand of homes with a tighter supply of available homes for sale. We have noticed a trend in the growth of home prices within the past several months and home prices nationally have not returned to their peak housing price during our last housing boom but some local markets have returned to their peak and some have also...
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Real Estate Appraisal in Boston MA
G & J Manfra Appraisals Inc. is your leading independent real estate appraisal company in Boston, MA. We provide quality real estate appraisal services for homeowners, banks, mortgage companies, attorneys for real estate. Located in Peabody MA, we provide the Boston, Greater Boston and surrounding areas in Massachusetts with quality real estate appraisal services.
Services we offer:
Real estate appraisal
Commercial real estate
Relocation appraisal
Divorce appraisal
Diminution ...
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