"Did what was requested in a timely manner. No hassles which is exactly what a person needs when dealing with the loss of a spouse. This was specific for an estate appraisal. Not an appraisal to buy real estate. This is for estate tax purposes which is different. Thank you."
Yes, a seller is legally required to disclose any known fire damage when selling a house, including damages that were repaired. That includes damages to structural components and all major systems, as well as water damage, chemical damage, and smoke damage related to the fire. Sellers use a property disclosure statement, which is regulated by each state individually, to disclose fire damage.
A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.
An Arizona room may or may not count toward your home’s square footage, depending on local regulations and the specifics of the room, but generally does not get included in the total square footage. In many locations, a room needs to be built to the same quality as the rest of the home, have an integrated heating/cooling system, and be habitable year-round to count toward square footage.
Yes, in many cases, a stamped concrete patio can increase your property's value. It is an affordable way to add elegance and utility to your backyard, which many prospective buyers will appreciate and may be willing to pay a premium for. Stamped concrete is highly durable; when installed by a professional, it can last for 40 years or more with proper care, and it is also relatively easy and affordable to repair. While a permanent patio may raise your property taxes, the added value and buyer interest often make it a worthwhile investment.
Garden windows can add value to your home and are an attractive feature for potential homebuyers. These windows add a custom look to your home and usable shelf space for homeowners with a green thumb. You’ll likely recoup your investment when it comes time to sell.
The Walhalla, ND homeowners’ guide to real estate services
From average costs to expert advice, get all the answers you need to get your job done.
There are many ways to start investing in real estate, even for people who don’t want to be a landlord or own multiple homes. Read this guide to learn more.
No one is born knowing real estate terms, but learning what they mean is easy. Study this list of common terms and acronyms you’ll hear when buying and selling.
