The Residential Appraiser Is Taught On Our Local Markets, Communities, And The Nation As A Whole

If you are looking to buy a private property or HDB flat in Singapore, make sure that you know all the pitfalls before you sign on the dotted line. Here are some of the major things you should look out for to avoid getting into a legal or financial tangle during the transaction.

Many homeowners are sincere but they do not know the exact state of the homes that they intend to put in the market. They may have the desire to disclose any deficiencies in the home but their knowledge is limited. For example, most homeowners will not go into a crawlspace or climb their roof in order to ascertain the state of those areas. The conditions of the roof or the crawlspace may need repairs but the homeowner may be unable to provide the information that you need. A good home inspector can help to uncover all the details that need to be addressed in a given building.

“Real estate is a year-round opportunity to help countless people realize the American dream” (“Why Real Estate”, 2012). Eighty-five percent of buyers believe that home purchases are good financial investments, and a majority of homebuyers and sellers rely on the services and expertise of real estate professionals to assist them with their transactions (Profile of Home Buyers and Sellers, 2010). “The primary job description for an agent is communicating with potential clients to determine what kind of property they are looking for” (Richard, 2012). This means, setting up interviews with clients to see if the agents firm possesses property that meets the client’s specific needs. Once it is apparent exactly what the client is looking for, the agent sets appointments to show houses to clients and many times the agent physically accompanies couples while showing off properties.

take some time in order to make the proper decision. There are a few different ways

Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They

If one of the homes you want is in high demand, the seller will look for offers over the asking price, sound financing and few conditions on the sale. In a hot housing market, don’t bank on offering less than the asking price and being able to negotiate back and

Being a homeowner is a large responsibility. A key piece of ownership is knowing the value of your property. When you know how much your home is worth, you can better prepare to purchase, sell, or refinance. Thankfully, you don’t have to guess your home valuation. The appraisers at Augustine, Inc. can provide you with a property estimate and appraisal that tells you exactly what you need to know.

My whole life I've thought I have a handle on things, on my own decisions. I believed that as long as I did what felt right, everything would be alright in the end. Every big decision I've made so far I've just went with my gut, my instinct, but now I am afraid. I'm afraid that my instincts might be wrong, that my heart might be in the wrong place.

Sellers need to treat this effort as a business transaction – look for data and retrieve details to determine what’s happening in the market and what potential buyers are willing to pay for a home in your neighborhood. The past trends of pricing are good indicators for determining the right price for your home, today. You’ll have a better experience with selling your home, when you understand what is happening in your local market.

If a property has been valued quite low by the appraiser, the seller would then be needed to lower the market price he or she had set. If we consider a Realtor in this case, it would mean a significant dip in commission. On the other hand, a high valuation of a property may result in the buyer having to pay a lot more than its true worth. In this situation, a realtor may receive high or low commission, depending on the final selling/buying price of the property. With these situations, you

When the market demand for properties in a particular area is high and when there is a shortage of good quality properties then the balance of power in the market shifts towards the seller. This is because there is likely to be excess demand in the market for good properties. Sellers can wait for offers on their property to reach their minimum selling price. Conversely when demand both for new and older housing is weak and when there is a glut of properties available on the market, then the power switches to potential buyers. They have a much wider choice of housing available and they should be able to negotiate a price that is lower than the published price4.

Many well-meaning people will give you this advice. And while this might sound like a good idea, it's not. Yes, you could price your house high and lower it later, but you will probably price yourself out of ripest time to sell your home, which is when it's a new listing. Additionally, once your home sits unsold for a while, buyers will then assume there must be something wrong with it and won't even consider it. Your real estate agent has prepared a comparable market analysis for you that shows you exactly what homes in the area have sold for; therefore, what makes you think someone will spend more for yours? The bottom line is generally, they

This paper will seek to provide an overview of the real estate process and its affects on the real estate agent. An agent needs to be knowledgable about the steps required to make a sale, and the risks involved when the sale does not go as planned. Real estate sales require much of the agent, including sacrifices in their personal lives and in their financial stability. Agents must be teachable and willing to seek to see others succeed. A successful real estate sale consists of many steps, sacrifices to personal time, and an agent’s ability to work well with others while remaining incredibly flexible.

Look for an appraiser with experience in the type of claim that has been filed and one that is familiar with the process, as this helps to ensure the best results. The appraiser needs to be able to remain impartial and objective throughout the process, and he or she should have no connection with the insurance company involved in the claim. The appraisers then take over the process and independently assess the loss. After doing so, the two parties meet to discuss their findings, their estimate for the claim and how they came to this figure. The goal is to reach an agreement on a settlement. In the event an agreement cannot be reached, a third party comes in to settle the

I’ve been appraising since 1999. I stepped away for a few years to sell, during which time I gained a deeper understanding of buyers and sellers which helps me as an appraiser. Eventually, I went to work for a lender for the next 11 years, where I was educated in secondary market guidelines, and how to create a report that satisfies those requirements and be USPAP compliant.