As real estate appraisers we rely heavily on our data sources to assist us in performing our research. On of these sources are Realtors and their entries in our local MLS systems. I find it interesting that so many MLS on HAR.comlistings are missing not only key information about the home or property, but good PHOTOS! These pictures act not only as your tools for showing off the property online to potential buyers but they also assist us in grading the interior quality of the home along with any amenities that can not be seen from the road.
Entries from July 1st, 2009
I was recently sent a request to perform an appraisal on a property in the Shady Acres subdivision of Houston. At first glance, the appraisal assignment seemed easy enough, a simple purchase transaction in a well established area of the Heights. A quick search of previous sales in Shady Acres over the past 6 months confirmed that the sales price was reasonable and that everything looked kosher. However, this area of the Houston Heights abuts the White Oak Bayou waterway that runs along T.C. Jester and I knew the area along the Bayou was prone to flooding. With this is mind I decided to do a bit more research on our property. I headed over to the FEMA site to look at the flood maps for this area. Sure enough our property was directly in an “AE”, or 100 year flood plain. I knew that I now must include at least 2 sales that shared this same “negative factor” or else the lender would not accept the appraisal. (It is always considered “good practice” to include sales that have similar factors, this confirms and supports your conclusion on whether the factors affect value or not.) Read more →
What Our Previous Clients Say:
I was unsure what the after repair value would be on this house. You provided a quick and thorough appraisal service, helping us get the home listed that weekend.
The report you provided was helpful and showed you had a good knowledge of the Houston area. Thank you for your prompt and courteous service.
You provided exactly what I was looking for, a no nonsense approach to this industry. Thank you very much your promptness and honesty.
Thank you for your appraisal. The end result was just over 100K in assessed value reduction. The appraiser noted that the professional appraisal from you was a big help for me.
Wow!!!!! You stayed up late last night! This is a great appraisal. Thanks so much. We will definitely recommend you in the future.