Posts

Why use an appraisal in a divorce?

  Some people use Zillow to determine the value of the house in a divorce. Mistake. “Divorce” houses have very often been neglected for quite a while before the divorce starts. So they’re not in good shape, resulting in a loss of value. Here are some examples of recent work I’ve done recently: 1) Zillow, who has never been to the house, valued the property at $342,000, with a range from $315,000 to $369,000. My appraised value after actually seeing the house was $180,000. My appraisal fee was $665. So by spending $665 somebody gained between $135,000 and $189,000 in the divorce. 2) Zillow, who has never been to the house, valued the property at $552,000, with a range from $519,000 to $585,000. I appraised it at $383,000 after actually seeing the house. My appraisal fee was $565. So by spending $565 somebody gained between $136,000 and $202,000 in the divorce. 3) Zillow valued the property at $382,000, with a range from $348,000 to $416,000. My appraised value after actually seeing ...

The Effect of an HOA on Neighborhood Market Value

Image
 

Who are my appraisal clients?

Someone selling or buying a house to/from their friend, neighbor, relative, etc. Someone getting ready to sell a house who wants to put the correct price on it. They could be selling with a Realtor, “for sale by owner”, whatever. Accountants needing a date-of death appraisal. Divorce, family law, estate, probate, real estate, and elder law attorneys. Just not bureaucracies like government agencies, banks, lenders, etc.