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Forclosure Sign

Distressed Properties as Comps?

Many of our real estate appraisal clients in Maryland have asked us if we use distressed properties (short sales and foreclosures) as comparables when doing an appraisal on non-distressed properties. The Appraisal Institute issued a paper on the subject which we feel explains the situations and circumstances when the use of distressed property sales is warranted. In […]

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Market Value vs Assessed Value

Market Value Vs. Assessed Value

A property’s market value is typically higher than its assessed value. Houses are valued for different purposes. Counties collect money from homeowners as real estate taxes that are calculated, or assessed according to the properties tax values. In contrast, a buyer and seller of a home must agree on a transaction price before they can […]

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Pre Listing Appraisal

Pre-Listing Appraisals Can Save Deals

Would you like to reduce the number of times your sellers home appraises lower than the Contract Price? Get a Pre-Listing or Current Listing Appraisal! Why? Because you can and should provide a copy of this appraisal to the Bank’s appraiser. Not only will that appraiser be happy to have a prior appraisal to review along with […]

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Property Divorce Appraisals

Finalizing a divorce involves many decisions, including “Who gets the house”? There are generally two options regarding the house – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well […]

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Estate Appraisal Facts

Estate Appraisal Facts

Date of death valuations (Retrospective Appraisals) Estate appraisals are commonly ordered by the executor of an estate to determine tax liability and dispose of real property under a will or in probate. There are many situations — none of them lacking stress and complexity — where you might need an appraisal of property that states […]

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FHA Appraisals

Seller Tips about FHA Appraisals

In the home buying marketplace there are many different types of mortgage products available to consumers. The most popular in recent years is the FHA mortgage. The FHA mortgage allows a borrower to put down 3.5% towards purchasing a home. This is extremely prevalent in today’s mortgage climate because a conventional mortgage requires 20% down […]

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Home Appraisal Tips for Sellers

Home Appraisal Tips for Sellers

Being an appraiser, I see anxiety and the look of fear on a home sellers face when I walk through the door. Here I will share my home appraisal tips for sellers. My goal is to shed some light for home sellers and best prepare them for the home appraisal. Put the Home Appraisal First […]

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Howard County

Woodstock Community

Woodstock Community Spotlight Spanning rural Howard County and Carroll County, Woodstock offers a variety of housing choices with a mix of modern condominiums, townhouses and older single family homes ranging in price from around $200,000 to upwards of $800,000. Originally the isolated home of a Jesuit seminary, Woodstock retains its calm beauty. The planned Waverly […]

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Howard County

Laurel Community

Laurel Community Spotlight North Laurel is located in Howard County, Maryland, and is home to over 22,000 happy residents. The communities central location to Baltimore and Washington D.C. makes it an ideal location for commuters. The housing market in North Laurel consists of a variety of real estate options to include single-family homes, golf course […]

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Howard County

Highland Community

Highland Community Spotlight Highland is an unincorporated community in western Howard County located at the junction of Highland Road, Maryland Route 216 and Maryland Route 108. Once composed primarily of horse farms, Highland has become a neighborhood made up of expansive estate homes on multi-acre lots. Many of these estates remain working farms, while others […]

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