by kramoltz@hotmail.com | Jun 15, 2021 | Arizona and Its Amenities, Home Ownership, Real Estate Facts & Figures
The increase in values that has dramatically affected lower priced homes in metro Phoenix has spread. Higher value neighborhoods across the Valley of the Sun have seen significant increases since March 2020. The greatest rise in home prices occurred in Peoria’s zip...
by kramoltz@hotmail.com | Aug 12, 2020 | Home Ownership, Selling Your Home
There are online home evaluators like Zillow that give an estimate of your home’s value, but there’s no substitute for a real comparable market analysis (CMA). Outside of a newly built tract home, it is rare that an online evaluation accurately reflect the...
by kramoltz@hotmail.com | Aug 3, 2020 | Home Buying, Selling Your Home
According to home ebuyer Opendoor, in metro Phoenix the top 5 things that hurt home values are: 1. Commercial neighbors: $7,200 average deduction; 2. Formica or tile kitchen counters: $4,900 average deduction; 3. Located on a busy street: $4,500 average deduction; 4....
by kramoltz@hotmail.com | Jul 20, 2020 | Home Buying, Selling Your Home
Market Data Approach. This approach, also known as the comparable sales approach, is used when the property being evaluated is similar to and can be compared with other properties that have recently sold in the area. This is the method used for residential properties,...
by kramoltz@hotmail.com | May 26, 2020 | Home Ownership
How Real Property Is Valued. Having an understanding of appraisal concepts will help you understand how your property’s value will be determined. Appraisers find market value by analyzing real estate data utilizing three methods: the market data or comparable sales...