How is a home valued?

23 Mar

How is a home valued?

Catharine BwanaResidential Commercial Servicesappraisal companies, appraisal method, approved appraisal, estate market, family house, higher price, mortgage loans, real estate, single family

The reasons why the valuation of a home is necessary are varied: knowing the price for its sale, liquidations of community of property, inheritances, requests for mortgage loans, refinancing or other loans in which the property serves as collateral, etc. Although in a few cases it is not mandatory to resort to certified or authorized professionals, the truth is that, without their presence in the appraisal process, the margin of error grows considerably and can cause serious economic losses to the owners. The fact of valuing something implies carrying out an appraisal To value the price of movable and immovable property it…

12 May

Useful Tips for Buying a New Condo Home

Catharine BwanaBuilding & Contractor, Buy and Rent Property, Home Decor, Lawn and Garden, Real Estate, Room Inspirationadditional services, condo home, condo homes, condominium home, condominium homes, family home, real estate, single family, swimming pool

Condo homes are a great option for first-time homebuyers and active adults looking for a smaller home. A condominium home is a single-family home that is part of a larger housing complex with shared spaces. When you buy a condo home, you don't own the land and there is a homeowners association (HOA) that manages everything. There are many benefits to owning a condo home. There is no garden to take care of, it costs less than a comparable single-family home, several additional services are often included (such as swimming pool, gym, covered or reserved parking, etc.) and there is a community…

18 Mar

The Covid 19 crisis triggers the novation of mortgage loans

Catharine BwanaReal Estatecgn report, crisis caused, general council, home sales, loan novations, mortgage extensions, mortgage loans, notarial acts, single family

In 2020, operations to renegotiate mortgage loans rose by 298%. The reasons are several. On the one hand, the Covid-19 pandemic has had a very negative impact on family incomes. And on the other, there is the moratorium that the Government approved to be able to face the economic and health crisis caused by the virus. The data comes from the report The effects of the pandemic in 2020 from the perspective of the data of the Notariat, which also highlights the increase in notarial acts aimed at improving the solvency of citizens and companies. Loan novations rise and home…

21 Jun

The Covid 19 crisis triggers the novation of mortgage loans

Catharine BwanaReal Estatecgn report, family homes, general council, home sales, loan novations, mortgage extensions, mortgage loans, notarial acts, single family

In 2020, operations to renegotiate mortgage loans rose by 298%. The reasons are several. On the one hand, the Covid-19 pandemic has had a very negative impact on family incomes. And on the other, there is the moratorium that the Government approved to be able to face the economic and health crisis caused by the virus. The data comes from the report The effects of the pandemic in 2020 from the perspective of the data of the Notariat, which also highlights the increase in notarial acts aimed at improving the solvency of citizens and companies. Loan novations rise and home sales…

12 Apr

High Wood Price Shouldn’t Scare New Home Buyers

Catharine BwanaBuilding & Contractor, Buy and Rent Property, Concrete, Cement and Masonry, Gates and Fences, Home Decor, Insulation, Ladders, Lawn and Garden, Lumber and Trim, Real Estate, Residential Commercial Services, Restaurant Hotel Home and office service, Roofs and Gutters, Room Inspiration, Tarps, Tile, Walls, Floors and Ceilingbuilt homes, existing homes, long term, newly built, prices rise, single family, timber prices, time buyers, wood prices

You may have seen the headlines: "Timber Prices Are at an All-Time High," "Home Costs Soar as Timber Prices Soar." While it's true, lumber prices rose 208 percent in 2020, it's not the big barrier to buying a home that homeowners pretend it is. Fluctuations in timber prices Timber prices have gone up and down before, rising in 2017 and 2018, and then falling again in 2019. Then the "perfect storm" of 2020 hit both demand and supply issues, says Robert Dietz, chief economist at the National Association of Home Builders. (NAHB). "We predicted a growth rate of about 4…