Posts

Moving to a Home with the Greatest of Ease

Image
Do you or someone you know have physical disabilities?  Are you considering moving?  There are additional considerations for someone with physical disabilities or limitations.  This is a guest post written by Patrick Young an advocate for people with disabilities.  
Moving to a Home with the Greatest of Ease


Whether you are upsizing, downsizing, blending a family, or relocating for a new job, moving is a major chore.  Each person or family has their own reason for making a move and a budget.  It's hard to find a one-size-fits-all solution that will work for anyone, anywhere, at any time.  This is especially true for folks with disabilities.  Understanding some of the individualized dynamics that can impact your efforts to get you and your personal effects from one home to another can help make it at least a little less daunting. House hunting
As you search for a new place to call home, keep your own needs in mind.  It’s easy to look at the amenities of friends, other families, or ne…

5 Common Appraisal Questions Answered

Image
Even though it is still winter and it is a bit icy outside as I type, it appears that the market activity in our area has already started to heat up.  As we get ready for the busy spring selling season, I thought it would be a good time to go over some of the more common questions about real estate appraisals.


 1.What is a real estate appraisal and how does it work?  Simply put, a real estate appraisal is an opinion of value performed by a professional appraiser.   Real estate appraisers are qualified, licensed and trained in the process of appraising real estate.  Not all appraisers have the same license and qualifications.  You can read more here about the qualifications of an appraiser. If you are buying a home and need to take out a mortgage for the purchase of the home, your lender will most likely order an appraisal to be done.  This will also apply if you are refinancing your home.  The lender needs to know the value of the collateral.  Each lender will have their own guideline…

January Newsletter

Image
Each month we send out a newsletter from the DW Slater Company.  I have recently started sharing these on our blog.  This month's newsletter included the Year in Review which was our last blog post along with a featured spotlight on our commercial real estate appraisal services.



Happy 2018! We hope that your new year has started off well!  It seems that we have hit the ground running this month.  For this month's newsletter we wanted to share with you our recent blog post which provides a year in review for 2017.  We cover our main four markets of Dallas, Tarrant, Denton and Collin Counties and we put the data in infographic forms.  The blog post is titled "Up, Up, and Away" as the median sale price has been go up in all markets.  The only current sign of slowing is in Collin County where inventory has increased 25% YoY.  New construction has been strong in Collin County which has contributed to the increase in supply.  Even with this increase in inventory, the supply…

Up, Up, and Away- A Look back at 2017 Markets

Image
As real estate appraisers, we continually watch and analyze real estate markets.  We will look at what is happening locally in our markets as well as regionally and nationally.   The National Association of Realtors reported in their last report that existing home sales are up 5.6% and reached their strongest pace in almost 11 years.   It appears that in many markets throughout the US low inventory has been pushing prices upward.  In our local markets in North Texas, we have seen high demand and low inventory push prices upward.  The upward trends in our markets began in 2013.   At the beginning of 2016, we covered the impacts of Toyota's  North American Headquarter, Liberty Mutual, and J.P. Morgan Chase relocating to Collin County bringing 15,000 jobs.  With the large population growth in North Texas, we have seen home prices appreciate at a much more rapid pace within the past five years.  See chart below. 

Are we in a real estate bubble?  We get this question often.  When pric…

Best Appraisal Blog Posts of 2017

Image
There are some wonderful real estate appraisal blogs that I read.  Some are geared towards consumers of appraisals, some to real estate agents, some to real estate appraisers or others in related fields.  In 2016 we showcased some of the best appraisal blogs at Top Real Estate Appraisal Blogs. As we finish out 2017, I thought it would be great to highlight some of the best articles of the year.  I have included one post from some of the blogs that I follow and I will admit that for some of the blogs it was difficult to choose just one post.  Here are some of my favorite posts from 2017: (click the link on the title to read the post)



1.DOES THE BUYER OWN THE APPRAISAL? - SACRAMENTO APPRAISAL BLOG

Ryan Lundquist's has been writing the Sacramento Appraisal Blog since 2009. This weekly blog answers appraisal related questions and has very in-depth market updates for the Sacramento area. This post addresses the question of who owns the appraisal which is often misunderstood by many. I…

December Newsletter

Image
DECEMBER NEWSLETTER