Preparing for Your Dallas Appraisal Can Pay Off

Higher Uptown Dallas Appraisals Come From Active Preparation 

Interest rates may have been rising, but they are still invitingly low. As a consequence, some Dallas homeowners are looking to refinance their mortgages to lock in interest rates while they can. A key element in both refinancing and home sales is, of course, the formal appraisal. 

Most homeowners regard the appraisal process as a spectator activity: the appraiser comes, checks out the house, goes back to the office and writes up an appraisal. But, as with most of life’s endeavors, taking a proactive stance is more likely to garner the best results. When it comes to the appraisal, there are several factors that you do control.

First — before you even call in the appraiser — prep the house. Now is the time to address any flaws that could materially affect the valuation. Next, be sure to select an appraisal company with local ties. Appraisers who live and work outside the area are typically more likely to render a conservative valuation. Having less familiarity with the neighborhoods breeds caution. An appraiser from the Uptown Dallas area will be aware of the local amenities and attractions which make a property more desirable.

If you have made significant improvements to the property, point them out to the appraiser. Organize evidence proving what you spent for each. If you can provide ‘before’ and ‘after’ photos, provide copies the appraiser can take with him. This is particularly important for improvements such as heating or cooling systems: they can add considerable value to an appraisal, but are difficult to see.

Don’t leave it up to your appraiser to find comparables for your property – you (or me, if I am your agent) can provide the ones that tell the story you want it told. Comps are particularly important if you can find properties that have sold without an agent — the appraiser may not have access to these. It’s not unknown for an appraiser to accidentally miss one or two that are similar to your property and well priced. Why leave it to chance? 

For this and any other real estate questions, I’m always pleased to offer experienced guidance. Call me anytime!

 

 

Tim Stoll, REALTOR®
Keller Williams Urban Dallas
Mobile 214.868.2959

thinkdallas.com

 

– See more at: http://activerain.com/blogs/dallasrealtortim#sthash.S6FRv9lK.dpuf

Mistakes to Avoid As a First-Time Home Buyer

An Uptown Dallas First-Time Home Buyer Can Sidestep Mistakes

Knowing Common Mistakes Helps First-Time Home Buyers

When an Uptown Dallas first-time home buyer begins hunting for the prize that has to serve both as a satisfactory home base and a solid investment, most feel a mixture of excitement (a home is a landmark achievement!) and maybe just a touch of apprehension. Like any expense you’ve never encountered before, it’s appropriate to take extra care the first time out — and to pay attention to what experience teaches. Along those lines, here are some mistakes that are easy for a first-time home buyer to make. Fortunately, they’re also easy to sidestep:

1. Waiting for a better rate
Adjustable rates may well be about as low as they’re going to get right now – and some signs point to an increase in the coming months. For an Uptown Dallas first-time home owner who will be taking out a loan, if the property is right, hesitating to make a commitment based on a loan rate gamble is seldom a good idea.

2. Thinking short term
Consider thinking of a home as a lifetime investment. Even for those who are single or newly-wedded, it’s possible that being open to a house with extra rooms could end up saving considerably on moving, transaction and agent fees, taxes, etc. It’s equally important to look at neighborhoods and how they are changing and developing. If you do resell your home, location can make a big difference in how.

3. Underestimating hidden costs
The monthly mortgage payment isn’t the ultimate bottom line. When a first-time home buyer comes across a property that fills (or exceeds) everything he or she has been looking for, if the mortgage payment looks to be right, it’s easy to overlook other homeowner expenses. Experienced buyers make hardheaded estimates of maintenance fees and property taxes — they will be every bit as consequential as the mortgage bill.

For a first-time home buyer in Uptown Dallas, when thoughtful perspective goes into your final decision, it’s that much more likely to be a decision that pays off in the long run. If you are preparing to buy this spring, I’ll be standing by to help get you started!

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.

View Post

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.