Understanding property valuation is important to both property sellers and buyers, it helps to determine the actual value of the property. Property valuation reports are mostly needed for tax regulation as well as sales purposes. In this blog post, we identified key factors that affect property valuation and how to calculate it as an investor....
When investing in real estate property, two (2) major activities occur, property appraisal and property inspection. Some investors might not be able to differentiate between the two, and use them interchangeably. To simplify these terms, when you think of a property ‘monetary value, then that is property appraisal. However, when you think of the property...
Real estate investment is no child’s play, you can not afford to make a mistake in the process. Think of the fund invested, the time spent in searching for a property and going through the acquisition process. As a property buyer or investor, you must ensure that all necessary procedures are followed, if you want...
Buying a house can be both an exciting and emotional process. At the same time, it’s likely the biggest purchase you’ll ever make. Hence, you’ll want to understand the ins and outs of home buying before starting. This will help you to be financially prepared for homeownership before you start. Here’s a step-by-step guide...
Buying a house is both exhilarating and scary but we are faced with a clear-cut option to reconsider our living arrangements. So, if you frequently find yourself wondering, “Should I buy a house?” you’re not alone. Moreso, the National Association of Realtors recorded that the average homeowner lives in their home for about 10 years...
A home appraisal is a key component of a mortgage process. It’s a professional judgment of a home’s value, employed whenever a mortgage is used in the purchase, refinance, or sale of a real estate property. To determine the house’s value, the appraiser conducts an on-site inspection, evaluates the external and internal features, and makes...
