February 17, 2018 by Bostedo Appraisal Services - Pittsburgh Appraisers
Study of Life Expectancy of Home Components
Study of Life Expectancy of Housing Components
Prepared by the Economics Group of NAHB
While this study may be older, considering the Financial collapse of 2008-2010, many lenders, manufactures and the economy as a whole were more focused on survival opposed to innovation. Under these catastrophic conditions that occurred, it makes this study as relevant today as it was at the time it was produced and for the foreseeable future.
[Note: This report should be used as a general guideline only. None of the information in this report should be interpreted as a representation, warranty or guarantee regarding the life expectancy or performance of any individual product or product line. Readers should not make buying decisions and/or product selections based solely on the information contained in this report.] As indicated, this is dated material but can be used as a generalization.
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Tags: appraisal, real estate, single family
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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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October 27, 2015 by Bostedo Appraisal Services - Pittsburgh Appraisers
Beware! Upside Down Builders
I’m sure many of us have seen them and frankly, probably never gave it a second thought, the homes that were built upside down.
Well, upside down I guess is only a matter of opinion. You can call them just about anything, even contemporary will work. However, there is one thing you can’t get away from, why is there only 1 bedroom on the 1st floor and all the rest of the bedrooms are downstairs? (more…)
Tags: appraisal, appraiser, builder plans, construction plans, custom builders, maximize value, maximizing value, pittsburgh appraisal, pittsburgh appraiser, pittsburgh values, real estate, realtor, single family
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September 1, 2015 by Bostedo Appraisal Services - Pittsburgh Appraisers
Over the past number of years, I had the opportunity to appraise many 2-4 family properties in the Pittsburgh and surrounding areas for pre-listing, divorce, estate and other reasons. The reasons behind the appraisals are not the story; the story is why, and how, there was such a reversal of fortunes so to speak in the overall value of both single family residential, and multi-family (2-4 unit) properties. At this spot in the blog, I must point out that this is not only an issue in Pittsburgh, but the entire southwestern Pennsylvania region. (more…)
Tags: appraisal, appraisal adjustments, appraisals, appraiser, appraisers, maximizing value, multi-family, pittsburgh appraisal, pittsburgh appraiser, pittsburgh appraisers, pittsburgh values, single family
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December 2, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
If you live in, or own a Split Level, or Split Entry/Bi-level style dwelling within Allegheny, Beaver, Butler, Fayette, Somerset, Washington or Westmoreland Counties, be forewarned. Your property may be assessed at a higher value than the property should be due to a lack of uniformity. The lack of uniformity is what created the court ordered re-assessment process in Allegheny County and (more…)
Tags: allegheny county, appraisal, appraiser, assessment, assessment appeal, Bostedo appraisal services, How To Build Home Equity FAST, pittsburgh appraisal, pittsburgh appraiser, pittsburgh values, quick sale, real estate, single family, washington county
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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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October 21, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers
One of the best ways to increase the market value of a home is to make structural improvements or add features such as a deck or an extra room. I do want to emphasize if your plan is to enlarge your home, there are some things you may want to consider in your planning. Make sure to read the (more…)
Tags: appraisal, appraiser, build home equity, home equity, How To Build Home Equity FAST, maximize value, maximizing value, pittsburgh appraisal, pittsburgh appraiser, pittsburgh values, real estate, remodeling, renovation, single family
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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
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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
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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
