Appraisal

This tag will feature all of the related blog posts for appraisal related topics. Whether you are getting a loan or purchasing a property with cash, the appraisal helps you know a professional’s opinion of value.

If you are financing a home, a bank requires you to get the home appraised before purchasing. Homeowners looking to refinance will also need to appraise the property. Using financing, buyers and investors can secure capital from the lender to buy as well as renovate a property by using the property as collateral for the loan. The appraised value provides the dollar amount of the collateral.

Other topics that you may want to check out are:

First time buyers

Home buyers

Investment property

20 09, 2019

Costs of buying a home

By |2020-02-19T10:53:09-06:00September 20th, 2019|Home Buyers|0 Comments

Buying a home is a big step for many people, and it also takes a substantial amount of money. Some people will assume that they could never afford to purchase a home. Likewise, others will assume that their credit score is inadequate for banks to lend money. Buying a home requires due diligence From your down payment to figuring out how much you can afford to pay monthly, it takes a lot of due diligence and patience to be sure you can afford a home. The problem is many people tend to forget about some of [...]

27 06, 2017

Oxford, MS & Lafayette Co Housing Market Oct 2016 – March 2017

By |2020-02-19T10:55:05-06:00June 27th, 2017|Property Value|0 Comments

Housing Market Data Presented here is housing market data for Oxford buyers, sellers, and property owners. Are you thinking about buying in Oxford, MS in 2017? Start your Oxford, MS residential market and land property search here. At this time, here are some housing market numbers for the greater Oxford area and Lafayette County. During 2016, there were 555 total sales of residential and townhouse/condo combined within Oxford with values ranging from $15,000 - $2,195,000 and an average price of $288,100 with a median price of $229,000. At this time, property values are showing an average growth [...]

31 03, 2016

Property Value: The Seniors Growing Nest Egg

By |2020-02-19T10:57:24-06:00March 31st, 2016|Homeowners|0 Comments

There has been a tendency in recent decades to view the home equity as yet another financial investment. Waiting out the recession was tough for many, as jobs were scarce and defaults became rampant. However, for seniors that were able to endure the recession and hold on to their homes, there may be a light at the end of the tunnel. Property value to the rescue! Over 70% of Americans over the age of 65 are homeowners. Seniors now hold a huge stake in the countries home equity, a whopping $5.83 trillion to be [...]

Go to Top