Florida Real Estate Properties

Florida real estate properties include the residential, office and commercial buildings, as well as the land itself. The most expensive property is that along the coastline overlooking the water. They are rather expensive, and the rich own most of the beach homes and villas lining the coast. Read More or see home listings for Florida

Texas Real Estate

Texas is the second largest state in United States next to Alaska in terms of area and California in terms of population. Texas has several metropolises due to its oil industry that contribute to its growth. Several cities have a lot of historic importance and are known for its cultural heritage.
Real estate scenario in Texas has shown an upward trend in many cities. Influx of immigrants from nearby cities and states has increased demand for real estate. Most immigrants prefer to settle down and buy on their own home.
Most cities in Texas offer reasonably priced homes that are affordable to most consumers. Dallas is one of the biggest cities of Texas and has a definite oil influence, which has contributed to growth of real estate in this city. Yet, real estate prices are surprisingly cheap as compared to other big cities. Austin is another good city preferred by many home seekers as an ideal destination for standard living. Real estate prices in this city are increasing rapidly and customers are advised to make an early bid to avoid increase of prices. Houston is another major city in Texas that is growing at a steady rate. San Antonio is a small city, which has now started growing and developing as compared to other established cities. Read More

Real Estate Market – Weak And Strong Areas

You want to know whether the market is strong if you are buying or selling real estate. Having such information lets you know how flexible you need to be in offers.Sales have slowed for large parts of the east and west coasts for sellers. Good news for buyers there. On the other hand, sales are picking up in parts of the interior of our country. A cheerful note for sellers. Let’s look at what is happening, why and what it means to you. Read More

For Sale By Owner Tips

So you want to sell your home without a real estate agent. Like hundreds of thousands of other homeowners, you've chosen this option because you don't want to pay those large commissions to an agent. As many who have tried it in the past will tell you, selling your home on your own can be challenging. But the best way to be successful is to be prepared. Do your research and get your hands on as much expert information as you can. Read More

Home Buyer: Negotiation and Communication

The goal in a real estate negotiation is to reach a good agreement - one in which the underlying interests of both buyer and seller are met. The results of a poor agreement often return to haunt the parties after closing. Many of our real estate clients have been experienced negotiators in other industries, and we have learned from their skill and experience. Review these tips as you prepare for the purchase of your home.What do you want to achieve in the negotiation?
The first step in getting what you need is simply to let the seller know - in a clear and reasoned way. For most people, the highest priority is the price they will pay for the property. The best way to establish this is by a market analysis of the neighborhood. Set an offering price range that makes sense. Knowing your range allows you to balance the price with other needs. Your interests might include...Read More

What Is My Home Worth

What Is My Home Worth?By John Tatman

Actually, there are two home values, the value to the homeowner and the value to the potential buyer. Unfortunately, both values are emotional and not facts based on market data. The homeowner has time in the home, family, years of memories, children growing up, maintenance, perhaps blood sweat and tears in room additions, kitchen or bath remodeling. Obviously the owner places a high value on his/her castle and rightly so.
The buyers on the other hand see things differently and act on different emotions. The buyers are looking for that emotional spark at the first viewing. The all-important first impression is what drives the potential buyers...at first. From there the first impression quickly turns to affordability, the cost to get in the home, the closing costs, the monthly notes, the taxes. Should I make an offer? What is the least I should offer?
Market value is somewhere between these two emotional extremes. This is where the appraiser comes in with an objective opinion backed by market data. Market value is defined as the price a willing buyer will pay to a willing seller for a product or service. In real estate, this is known as an "arms length transaction" meaning both buyer and seller acted willingly and not under duress.
Where does the appraiser begin and how do they arrive at those magic numbers called Market Value? It is not magical at all; it is a methodical series of analytical steps.
First, the appraiser makes a physical inspection of the property, determining size of livable floor space and making note of all amenities, such as the number of bedrooms and baths, the garage, washing facilities, storage areas, and any special features such as a fireplace, pool, patio or outbuildings. After a through inspection, the appraiser has a starting point to arrive at market value. With all the physical data collected, the appraiser uses two or three methods to arrive at market value. The three methods are: Market Approach: The appraiser searches for comparable homes in your neighborhood, subdivision or within your city with comparable neighborhoods. Cost Approach/Cost analysis: The appraiser calculates the cost to build your home at current material and labor costs, less depreciation for structural damage, poor upkeep and neighborhood disintegration. Income Approach: The income approach does not apply to residential market value. This approach applies to income producing properties such as residential duplexes, apartments and of course commercial properties.
If the property being appraised is a residential structure many factors are taken into consideration beyond the physical attributes of the property. The appraiser also considers the compatibility of your home within the neighborhood, such as does your neighborhood add to or reduce the value of your home? This involves pride in ownership factors, which occur in most communities. However, location, location, location drives the final market analysis. The appraiser considers the ebb and flow of growth and its direction within your town or city due to socio-economic factors. In addition, future city planning contributes to a large degree in your home maintaining its present value.
In summary, determining the value of your home is a complex procedure. The appraiser must know his/her city well and all the socio-economic factors driving the market. This takes years of observation, study, and considerable research by the appraiser. When considering a professional appraisal, it is best to choose an appraiser who is certified and has any of the following professional designations: MAI (Member American Institute) ASA (American Society of Appraisers) SRA (Society of Appraisers) CRA (Certified Real Estate Appraiser) IFAS (Independent Fee Appraisal Society). This list is a few of the most recognized professional appraisal organizations in America.
John Tatman ASA, IFAS, CRA is a retired Real Estate Appraiser with 25 years experience in the Industry.
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