Building 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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