Everyone knows the residential real estate market is hot right now. Rural areas like Northeast Missouri and West Central Illinois have also taken part in the boom currently sweeping the nation. Just how much this area's housing market has grown takes some analysis.
Read MoreWhen you’re selling your house, it’s easy to get overwhelmed by everything you need to do before putting it on the market. This can be made easier by breaking down your projects into doable sections that you can work on regularly. Before you jump into any home improvement projects, take some time to calculate your upfront costs, as well as how much it will cost you to move into a new place. This guide will help you choose how to best improve your house and sell it to the best buyer.
Read MoreWe’ve rounded up a list of common factors that can hurt a home appraisal as far as driving down your home’s value. Even if some are out of your control, they offer a peek inside a home appraiser’s calculations and provide you and your agent with tactics for negotiations.
Read MoreA home appraisal is part of the final stretch before selling your home and must go smoothly before you can celebrate a done deal. Using our home appraisal checklist, curated with the help of industry appraisers and real estate experts, you’ll easily prepare for and navigate this crucial step and head to the closing table without major hiccups. [Photo Source: (Markus Spiske / Unsplash)]
Read MoreWhen selling your home, it's often a good idea to get an appraisal. That few hundred dollars you spend for the appraisal could save you thousands and lots of time later. If you're thinking of selling your home, here are three reasons why you should order an appraisal before listing it!
Read MoreYou’re putting your home on the market for sale. You have no idea where to start or what it’s worth. There are so many factors involved in ensuring you get a fair price and hopefully make a profit. Do you need to get a home appraisal to start the process?
Read MoreIn this guide, we explore home appraisals. How does the home appraisal process work? What can hurt your home’s value? Lastly, we’ll look at what you can do if your home appraisal comes back lower than your purchase price.
Read MoreInstalling an in-ground pool costs upward of $30,000. It’s an eye-catching addition to your landscaping, and it makes your house the go-to hangout spot among friends and family. But is it worth the investment? Will a pool add value to your home? Like any home improvement, a well-designed pool should increase your property value, but the reality depends on several factors.
Read MoreIt costs money to have a professional appraiser evaluate your property and tell you how much it’s worth. However, your appraisal could cost more or less depending on where you live, the type of loan involved, and appraiser availability in your area. Here we’ll give a quick refresher on what a home appraisal entails and how the cost of one can be influenced by a number of factors.
Read MoreBuilding home equity is one of the many financial benefits to homeownership, but sometimes it's hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. But there are also some factors…
Read MoreClients often ask, “Why is my home worth less than what I paid to have it built?” As appraisers we dread this question, because of the complexity of the answer and the fact that the client/borrower has a vested interest in the property.
Read MoreWhen calling to schedule appointments to look at properties, it is common to hear a touch of anxiety in the homeowner’s voice.
Read MoreAt the end of every year, we like to take sales data and crunch the numbers to determine trends for the past few years. I used data from Quincy, IL, as this is the largest residential market that we work in, and where many people from the surrounding areas travel for employment, entertainment, shopping, etc.
Read MoreAt the end of every year, we like to take sales data and crunch the numbers to determine trends for the past few years. I used data from Quincy, IL, as this is the largest residential market that we work in, and where many people from the surrounding areas travel for employment, entertainment, shopping, etc.
Read MoreDuring the past several years, we have seen quite a bit of new construction in our market area. Most of the new homes currently going up in our area are custom-built homes, for which the buyer has purchased a lot or tract of land and has hired a general contractor to construct the home for them.
Read MoreResidential sales prices in Hannibal saw a pretty hefty spike last year, after remaining fairly stable over the last few years. The median sales price for single family residences in Hannibal was $105,000 from March 2018 to March 2019.
Read MoreThe housing market seems to be booming across the country, spurred in no small part by the Federal Reserve's continual interest rate cuts. Lower mortgage rates, coupled with a strong labor market, caused home sales to exceed expectations last month.
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