Q: What is the difference between an appraisal and a competitive market analysis (CMA) A: An appraisal and a comparable market analysis (also referred to as competitive market analysis or CMA), are both used to determine the market value of a particular property. In a perfect world, we would like to think that both appraisals […]
If you’ve ever been into a model home before, you know how easy it is to fall in love with it and want to move right in. Builders hire decorators who possess a keen understanding of the psychology of homebuyers to stage their models. Here the strategy differs from decorating for a homeowner which is […]
You’re selling your home, have accepted an offer you’re happy with, and it seems like all your stress is over. It’s time to pack up and move on! But sometimes life throws you a curveball—such as another buyer who is smitten by your fabulous home and steps up with a higher offer. What’s a seller to do? Overall, […]
Most consumers, and for that matter many Realtors simply do not understand how to properly value real estate and how to effectively determine the market value of a home. Here we discuss three common valuation mistakes: Add value to a property for a bedroom Incorrectly adjusting for square footage Compare non similar style homes with no adjustment Add value to a property for a […]
We need more houses. It’s going to take a long time until we have enough. Check out what happened during and after the housing bust that began in 2008: Single-family house construction cratered. House completions have recovered a bit since 2011, but they’re barely above the depths of the 1982 recession. Single-family home construction is […]
Radon is a cancer-causing radioactive gas that comes from the natural decay of uranium, which is found in nearly all soil types. It can travel upward, through the soil, into the air and into your home through cracks, gaps or the water supply. Radon isn’t picky about the homes it enters. It can be found […]
First impressions matter. When it comes to real estate listings, one of the primary elements for most buyers is a home’s description. But not all listing descriptions are created equal. When it comes to writing an effective listing description, the picture you’re painting with certain words can be worth thousands of dollars. So don’t hold back and if […]
In almost all real estate transactions, there are title issues that must be cleared up in order to transfer ownership of the home from the seller to the buyer. Does the seller have the legal right to sell the property? Is the home’s title free of “clouds” or “defects” — such as judgments, liens or […]
Every year, thousands of people—fall victim to moving fraud, according to the Protect Your Move campaign by the Federal Motor Carrier Safety Administration. We know what you’re thinking… As if it wasn’t already stressful enough to pack up all your worldly belongings and hire a group of (impressively strong) total strangers to cart them from one […]
A strong real estate market brings opportunities for savvy investors, and over the past few years, Columbus and Central Ohio has proved to be just that. Low interest rates are fueling a significant number of large scale new developments throughout the city, as well as re-development in other parts of town. This combined with these low rates, and strong […]
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