As time marches forward, it seems like more and more of our lives are being imported onto the internet. Think this good or bad, it’s nonetheless inevitable and thus worth getting a handle on.
American homeowners may be overestimating what their home is worth, according to new data.
The research shows appraisals in August were 1.35 percent lower than homeowners expected. There are a couple of reasons this could be happening. First, there has been a lot of attention paid recently to how far prices have risen over the past few years. But, while this is true, it is not necessarily true in every neighborhood, in every city, across the country. So, homeowners who have been hearing that prices are going up, may have a misperception of just how much their home's value has risen. As evidence of this, data shows homeowners in the West thought their homes would appraise for less than what they eventually did, while homeowners in the Midwest were disappointed to find their appraisals didn't meet their expectations. Another possible reason for the misperception is that homeowners are generally attached to their homes.
And, if you've invested time, money, and maintenance into a property, when it comes time to sell or refinance, you're naturally going to – not only hope for the best possible outcome – but expect that everyone else who looks at your house will see it the way you do and value you it just as much. Unfortunately, though, that may not always be the case.
Curious about what your home may be worth? Find out here www.homevaluation.pro
It’s hard to find another real estate agent in Dallas who is as hard working, honest, educated, experienced and personable as Tim Stoll . Born in Milwaukee, Wisconsin Tim came to Texas as a corp....
Latest Blog Posts
A home inspection doesn’t just help you to find out about dangerous and costly problems that exist within the property; it can also help you lower the asking price!___A home inspection is a vital
The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a
|Address:||6136 Frisco Sq Blvd, #200
Frisco, TX 75034