Evan Siegel Evan Siegel

How have mortgage rates affected the market?

The market continues to have forces pushing up against each other. I recently did a study of monthly payments with different mortgage rates. A year ago mortgage interest rates were 3% and now they are at 7% for a 30 year fixed.

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Evan Siegel Evan Siegel

A Home Appraiser’s Sales Comparison Approach to Determine Fair Market Value

As a real estate appraiser, I’ve been asked many times what my approach is to determine fair market value. While there are three main approaches to value (income, cost, and sales comparison), for residential appraisals the sales comparison approach is almost always used. The other two approaches are more often used for income producing properties and unique structures.

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How to Prepare for an Appraisal

The real estate appraisal is a key component to any purchase or refinance transaction. Some people fear of the dreaded low appraisal, since it could essentially cause a deal to fall through, however there are a number of ways you can plan and prepare to make your home’s best impression.

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