January 2, 2016 by Bostedo Appraisal Services - Pittsburgh Appraisers
Ever wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority — the guys and gals everyone goes to when they have a complex question about real estate.
Well, allow me to introduce you to Absorption Rate. Before your mind wanders off into numbness, let me also tell you that this is one of the most practical metrics or measurements you can learn for your market or for you as a seller. Better than that, it will only take you a few minutes to learn it. It should be pointed out, although the manufacturing segment of the economy has been using this metric for decades, real estate, for the most part still doesn’t.
OK, so what is Absorption Rate? Simply put, (more…)
Tags: absorption rate, appraisal adjustments, appraiser, bank appraisal, Collateral Underwriter, CU risk score, Fannie Mae, FNMA, how fast will house sell, pittsburgh appraisal, pittsburgh appraiser, real estate, single family, time to sell
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June 29, 2015 by Bostedo Appraisal Services - Pittsburgh Appraisers
Recently a Pittsburgh, Pennsylvania homeowner asked me to do a pre listing appraisal for them because a friend who is involved in Real Estate said they may have over improved their home, and they should see where they stand by getting an appraisal.
The property was a townhome style dwelling in condominium ownership. I arrived at the home and may I say, the property was beautiful, everything in it brand new and gorgeous. I will not go into great detail about the property because it will be coming onto the market and the actual renovations completed are a mute point.
(more…)
Tags: bank appraisal, cma, condo, condominium, How To Build Home Equity FAST, maximize value, maximizing value, realtor, remodeling, renovation, town home, town house, townhome, townhouse
Posted in Appraisal info, Appraisal Reviews, Appraiser Reviews, Education, Real Estate info | No Comments
April 27, 2015 by Bostedo Appraisal Services - Pittsburgh Appraisers
Much has changed in the Real Estate Industry since the financial crisis of 2008 & 2009. In this blog however, we will only discuss what has transpired with regard to how Banks want an appraisal prepared. This blog post will only go into some brief techniques that the Banks require within appraisal reports and I will stay away from any reasoning as to why. However, it is partly because of these requirements that values in many areas are not rising as quickly as some may want or think they should.
I will start by saying that, as an appraiser, (more…)
Tags: adjustments, appraisal, appraisal adjustments, appraisals, appraiser, appraisers, bank appraisal, bracketing, cma, FNMA
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November 6, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
If you are like most and haven’t had an appraisal done on your home recently, one of the first things that may come to your mind is, “What do I need to do to get ready for the appraiser?” Here are some things you may want to consider prior to the appraiser coming to your home. (more…)
Tags: appraisal, appraiser, bank appraisal, Bostedo appraisal services, cheap appraisal, cheap appraisers, Fannie Mae, FNMA, How To Build Home Equity FAST, maximize value, maximizing value, pittsburgh appraisal, pittsburgh appraiser, pittsburgh values, real estate, realtor, renovation, single family, technical, technically advanced appraiser
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September 12, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
Zillow vs Certified Appraisal. Let us first start out by explaining what is Zillow? Zillow is what is known as an AVM an Automated Valuation Module. Locally in Pittsburgh, Allegheny County and next, the surrounding Counties, we are all too well familiar with an AVM although we don’t know it. This is the same type of computer program that has and is creating each and every properties’ assessed value and we all know how that is turning out. (more…)
Tags: appraisal, appraiser, bank appraisal, certified appraisal, certified appraiser, cheap appraisal, cheap appraisers, cma, Fannie Mae, FNMA, maximize value, maximizing value, pittsburgh appraisal, pittsburgh appraiser, pittsburgh values, real estate, realtor, single family, technically advanced appraiser, zillow
Posted in Appraisal info, Education, Real Estate info | 1 Comment
August 5, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
Well, we will start with the easy part. What is the difference between a Row House and a Town House? In a word, nothing. A town house or town home and a row house or row home are the same. The names are only STYLES or DESIGNS of a type of residential dwelling. Both town and row are (more…)
Tags: appraisal, appraiser, bank appraisal, certified appraisal, certified appraiser, condo, condominium, Fannie Mae, fee simple, FNMA, pittsburgh appraisal, pittsburgh appraiser, pittsburgh appraisers, pittsburgh values, real estate, realtor, single family, town home, townhome
Posted in Appraisal info, Education, Real Estate info | 1 Comment
July 15, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
Some of the most common Pittsburgh FHA appraisal repairs many homeowners are not aware of nor that these common Pittsburgh FHA appraisal repair items will be needed to be addressed with an FHA appraisal for an FHA loan.
The FHA has three main concerns, for FHA appraisers, they are called the three S’s. The three S’s are Safety, Soundness and Security. A property must meet these three main criteria to qualify for a FHA loan. The most common repair items (more…)
Tags: appraisal, appraisal adjustments, appraiser, bank appraisal, Bostedo appraisal services, certified appraisal, certified appraiser, common fha repairs, common pittsburgh fha repairs, FHA, FHA appraisal, FHA appraisal conditions, FHA appraiser, fha repairs, How To Build Home Equity FAST, maximize value, maximizing value, pittsburgh appraisal, pittsburgh appraiser, pittsburgh appraisers, pittsburgh values, real estate, remodeling, renovation, single family
Posted in Appraisal info, Education, Real Estate info | 1 Comment
June 22, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
Everyone seems to have heard of carbon monoxide, but not many people seem to know much about it other than hearing about it in a tragic accident on the news. This is a colorless and odorless gas that is produced whenever a fuel source is burned. These fuel sources can consist of many different things including natural gas, kerosene, oil, wood, charcoal and even paint thinner.
The problem is that carbon monoxide cannot be detected without the use of a monitoring device; carbon monoxide if not detected can very easily cause death. Not to mention even smaller amounts can still cause carbon monoxide poisoning, which can lead to serious health issues from lethargy and amnesia to psychosis and even Parkinson’s disease. Considering the (more…)
Tags: allegheny county, appraisal, appraiser, bank appraisal, beaver county, Bostedo appraisal services, butler county, carbon monoxide, carbon monoxide detectors, carbon monoxide laws, certified appraisal, certified appraiser, CO, CO gas, Fannie Mae, fayette county, FNMA, pennsylvania carbon monoxide, pennsylvania carbon monoxide laws, single family, somerset county, washington county, westmoreland county
Posted in Appraisal info, Education, Real Estate info | 5 Comments
Ever wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority — the guys and gals everyone goes to when they have a complex question about real estate.