Do Foreclosures and Short Sales in My Area Affect the Value of My Home?

Even with the housing market showing signs of a rebound, there are still remnants of the housing crash in the form of foreclosures and short sales throughout the country. If you see foreclosure signs popping up around your Jacksonville neighborhood, you might be wondering if and how this will affect the value of your own home.

 

The short answer is that yes, short sales and foreclosures in your area can affect the value of your home and the amount you could receive if you were to sell. There are different factors, however, that can affect how much these nearby distressed properties may affect you and the value of your home.

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Frequently Asked Questions About Reverse Mortgages

Later in your life, or as your parents age, you may hear more and more about how reverse mortgages can provide financial security, allowing you to benefit from the equity of your home. These financing tools may sound too good to be true, especially if you are not very familiar with them. Here, we will clear up some of the most common questions surrounding reverse mortgages.

 

What Is a Reverse Mortgage?

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Mold Remediation – What Is the Process?

Mold is a very serious problem that, when discovered, must be addressed as soon as possible. If your Jacksonville appraiser discovers mold during your appraisal, the calculated market value of your appraisal is going to be much lower than it rightfully should be, until you complete the process of mold remediation. So, what does this process entail?

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Real Estate Appraiser Vs. Home Inspector – What Is the Difference?

Many people use the terms real estate appraiser and home inspector interchangeably, even though these professionals perform significantly different roles. If you are involved in a real estate transaction of any kind, it is important that you understand if it is a Jacksonville appraiser that you need, or a home inspector.

The Purpose of a Home Inspector

Individuals considering purchasing a property typically hire a home inspector. A home buyer will often be the one who is responsible for finding and paying for the services of a home inspector so that they can make a more informed decision about whether or not they would like to commit to the purchase of a home.

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How to Buy a Home

Buying a home is a major life milestone, and one to be celebrated. It can also, unfortunately, be a very complex, overwhelming, and daunting process. You might not even know where to begin. Below is a breakdown of the basics of home buying.

 

1. How Much Can You Afford?

Before you start looking at listings and falling in love with properties, you must determine your budget. In addition to your income, you will need to take into consideration your expected mortgage interest rate, utility costs, and other monthly expenses.

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How to Sell a House

Whether you are moving across the country or simply to a bigger Jacksonville home, you will need to put your current home up for sale. Let’s go over a brief overview of the steps that are included in the home selling process.

Make Necessary Repairs

It can be much more cost effective to make repairs to your home before you ever put it on the market. If your potential buyer hires a home inspector who finds major signs of disrepair, the amount they try to negotiate off the buying price to cover repairs will likely be much more expensive than what it will cost you to make the repairs now.

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Bang for Buck Home Improvements

While it is always nice to make improvements around the house that make your home a more enjoyable place to live, sometimes you make these investments to see great returns. If you are interested in having a Jacksonville real estate appraiser give you good news when it is time to sell, you might want to consider these home improvement tips to help you get the most bang for your buck.

1. Work from the Outside In

As explained by the experts at the DIY Network, improvements to your home’s landscape are often extremely inexpensive, but can have a major impact on your property’s value. These improvements can be as simple as planting perennials or adding edging to your driveway and walkways to give your lawn crisp, clean lines.

Your Jacksonville appraiser will be taking curb appeal into consideration when determining the value of your home. By spending just a little bit of time sprucing up the outdoors, you can boost your possible listing price.

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4 Tips for Improving the Curb Appeal of Your Home

Are you hoping that your next Jacksonville appraisal will determine that your home has a high market value? Many homeowners do not realize how much of an impact curb appeal has on the value of a property.

Increasing the attractiveness and charm of the exterior of your home does not have to be difficult. Consider the following tips regarding how you can impress your next Jacksonville appraiser.

1. Update Your Hardware

Outside your home, you have plenty of hardware, including doorknobs, hinges, light fixtures, address numbers, and other small accent pieces. An inexpensive, but effective way to change the look of your home is to replace all of these small elements.

Over time, the hardware on your door, mailbox, and other outdoor structures, can become worn, rusted, or out of style. Perhaps they are not even a uniform design right now. You can fix this problem in one afternoon with new hardware.

2. Plant a Modest Flower Garden

As recommended by Popular Mechanics, flowers provide a cost effective but powerful way to improve your curb appeal. You can add color and warmth to the exterior design of your home by adding flowers to window flower boxes, or adding flowerbeds along walkways or along the front or side of the home.

As a Jacksonville appraiser will likely tell you, it is best not to make your flower gardens extremely elaborate or difficult to care for. While exotic flowers may boost your curb appeal, they will require a lot of maintenance.

3. Install Outdoor Lighting

By adding soft outdoor lighting, you can both increase your curb appeal and improve safety and security on your property. Exterior lighting can be used to illuminate trees, flower boxes, gazebos, walkways, and other outdoor features. Better Homes and Gardens explains that, if you are unable to use wiring for your exterior lighting, there are solar light fixtures available, but they will not be as bright or consistent.

4. Replace Your Doors

If your entry or garage doors are becoming worn and weathered, replacing these features can have a major impact on your curb appeal. Your entry door is naturally the focal point of your exterior home design. One of the first things a Jacksonville appraiser will notice is whether or not this door is in good condition. It is wise to also have a garage door that is in good condition, and perhaps matches the front door, as these doors occupy so much visual space.

What Real Estate Agents and Appraisers May Talk About and What is Off Limits

Jacksonville real estate appraisers and agents handle transactions that significantly affect the lives of individuals and families in Florida. When working with these professionals, you may be unclear about what you can ask, what they can ask, and how much information you should or need to disclose. Let’s go over the basics regarding the appropriate topics of conversation.

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Where Are Carbon Monoxide Detectors Required?

Carbon monoxide (CO) poisoning is one of the most overlooked health risks in the country. According to the Center for Disease Control (CDC), over 400 Americans die due to unintentional CO poisoning each year, and over 4,000 are hospitalized.

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