Planning to stay put for a few years?

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Planning to stay put for a few years? Forget resale value and design your home for the way you live.

Home Improvement

Indoor air pollutants are unwanted, sometimes harmful materials in the air. They range from dusts to chemicals to radon. Air cleaners are devices that attempt to remove such pollutants from the indoor air you breath …… read more

Home Improvement Information by Uptown Dallas Realty

 

July home foreclosure filings show another big decline in Dallas-Fort Worth | MetroTex Association of REALTORS

July home foreclosure filings show another big decline in Dallas-Fort Worth | MetroTex Association of REALTORS.

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July home foreclosure filings show another big decline in Dallas-Fort Worth | MetroTex Association of REALTORS

July home foreclosure filings show another big decline in Dallas-Fort Worth | MetroTex Association of REALTORS.

Are Appraisals Finally Playing Catch-Up?

Many Dallas Real Estate professionals have been blaming low appraisals for derailing transactions over the last few years. But now home prices are heating up across the country. Are appraisals still coming in lower than the agreed-upon sales price? 

Even…

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Are Appraisals Finally Playing Catch-Up?

Many Dallas Real Estate professionals have been blaming low appraisals for derailing transactions over the last few years. But now home prices are heating up across the country. Are appraisals still coming in lower than the agreed-upon sales price? 

Even with prices rising and the number of foreclosures falling, some appraisers say assigning a value to a property isn’t getting any easier. One of the big reasons, they say, is because of low inventories in many markets. “An undersupply of available homes has prompted bidding wars above list price, a price that isn’t necessarily justified by an appraisal,” The Chicago Tribune reports. 

“That’s been happening a lot this winter and spring — the appraisal isn’t coming in,” Alvin “Chip” Wagner, of A.L. Wagner Appraisal Group Inc. told The Chicago Tribune. “It’s an appreciating market, and the closed data that appraisers use is behind what the homes are actually selling for right now. We’re just now on the cusp of good data.”

Dallas Appraisers say they are using sound data to base their valuations, including motivations of buyers and sellers. 

Consumers “don’t always value us in a friendly light because we are the person coming in and saying yea or nay, and we’ve been the bearer of bad news for too many years,” says Sharon Bagby, an appraiser at Crystal Lake Appraisal Service Inc. “Home owners don’t really know where the values are. They’re hearing some really rosy values in some markets, but we have to work with the value that’s there.”

Dallas Real Estate