Ask Your Appraiser

Ask the Appraiser: Will New Windows Help Sell My Home Faster?


New windows will help sell your home faster through marketability. The improved energy efficiency, aesthetics, and functionality of new or updated windows will appeal to many buyers. In fact, a 2017 survey by the National Association of Home Builders (NAHB) found that energy efficient windows were seen as desirable by 89% of home buyers. A more marketable home helps with the home's value by allowing it to spend less time on the market.

This is where the expertise of Appraisals By Michael plays a huge role—no computer can tell you how much your home’s value increases because of your new windows or other home improvements. The answer depends on your neighborhood, the market, and numerous other factors. In order to get the most accurate appraisal, contact Appraisals By Michael to hire a local and professional appraiser who understands the specifics of your neighborhood and market.  


February 28th, 2017 2:23 PM


Whether you are a home seller or looking to buy, a low home appraisal could cost your deal to fall through.


Here’s a common scenario: You list your home for $350.000, you receive an offer of $275.000, you end up setting at a price of $300.000. An appraisal is done before closing and it comes in at $255.000.  That’s $20.000 less than what the seller offered and $95.000 less than what you expected to receive. Not to mention that the $255.000 appraisal price is the maximum amount of which the lender is willing to lend.

Now, $35.000 is hanging in the balance. Does the seller pay the difference in cash? That would mean they have the extra cash laying around and are willing to pay above the appraised value of the home (not likely). And after you’ve already come down on the price in negotiation with the seller, you may not be willing to come down again so drastically.

Needless to say, the deal is shot and its back to the drawing board for you both.

Here are a few steps that could save you from the aforementioned scenario as a buyer or seller:

  1. If you are a buyer, have your lender hire an appraisal from your county or neighborhood. An appraisal familiar with your area and knowing your area well could mean life or death to your deal.

  2. Make sure the appraiser is qualified. Your appraiser should be certified by the state’s national board of real estate appraisers. An appraiser who belongs to a professional organization such as the Association of Georgia Real Estate Appraisers (AGREA).

  3.  Provide any information regarding your home, the neighborhood, and any recent comps you know of. This information won’t promise to change your appraisal value but it could be welcomed by your appraiser. The more information, the better.

  4. As a seller, consider obtaining a pre-listing appraisal before you even list your home.

  5. A pre-listing appraisal will provide you with a much more realistic market value and could save you from wasted time, energy and money in the future.

Low appraisals are typically seen during a declining housing market because of the lack of comparable homes in the area. Not having “comps” to compare your home to makes it difficult to determine the most accurate true market value. When the market is slow, good comps age fast, and with a rise in foreclosures, can result in appraisers have a hard time justifying the price you set.

To get in touch with an appraiser in your area or for more information click on one of the areas below closest to you:

|Dekalb County|Dunwoody|Fulton County|Gwinnett County|Marietta|Sandy Springs

Getting an appraisal


There comes a time in everyone’s life where you’re forced to take on the role of a rookie. Just think about your first day of school—your anxiety level was probably shot through the roof, worried about who you’d befriend and how you’d cope being away from home. Though your first try at learning the ropes was an indescribable experience, you were ironically able to get into the swing of things. You then learned new strategies that helped with making convenient, thoughtful decisions along the way. 

Whether you’re moving off your friend’s couch or finally leaving the apartment you left your mark on throughout college, buying your first property is a huge step. Kudos to you! Almost identical to the first day of school, it’s extremely important to prepare, educate yourself, and be patient. 

Because it can be difficult to know what to expect, we're here to help you with your homework.

Here are 5 tips every first time home buyer should know: 

Save Money


Before you think about owning property, save as much money as you can. Closing on properties require a lot of upfront costs: such as moving expenses, down payments, new furniture, etc. 

Create A Budget


The budget is a critical component when buying a home. Be sure to construct one that corresponds well to your monthly income so the mortgage payments are feasible. Ideally, one would already have a sense of how much they can afford before submersing into a deal. states: by calculating debt-to-income ratio and factoring in a down payment, you will have a good idea of what you can afford, both upfront and monthly. 

Don't Create Any New Debt 


Studies show that if your debt ratio does not exceed .36 percent, take steps to reduce it before seeking out a lender. So first things first, stop buying new things. No need for car payments or getting bamboozled into opening up a new credit card to get .50 percent off your total at a retail store. And also, if it doesn't hinder your down payment, consider settling small debts. There's a goal to stay abreast of.  

Broaden Your Horizons


Yes, location is critical to the value of a home. Now that we have that out of the way, you may have to broaden your horizons simply because homes in your price range may not be available in your target area. This is where research comes in handy. Prepare a plan. If this is the place you plan to settle and start a family in, consider the school systems in the area, the value of the surrounding homes, and the community's development.  

Be Realistic 


First time home buyers often admit that the process is more tedious than what was initially expected. Give up the misconception that it will not be stressful, time consuming, and an overall hassle. Though you'll run into some bumps and bruises, continue to work hard to get the home that you want.  

Posted in:Facts and tagged: AppraisalsReal EstateHome
Posted by Michael Anthony on February 9th, 2016 4:42 PMLeave a Comment

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