However, the fact remains that an appraisal is essential to the home-buying process, and may ultimately play a large role in determining the specifics of your mortgage. Even after purchasing a home, appraisals can be important tools if you are considering refinancing your home.
With resale prices rising and rehab costs holding pretty steady, there is a lot of opportunity in locating older homes in neighborhoods where buyers and renters want to live.
Earlier this month was National Roof over Your Head Day. To celebrate, we at Redfin decided to feature five homes for sale with unique roof designs. Each one is a work of art, with an architectural design you won't find anywhere else.
With real estate prices skyrocketing in Silicon Valley, some of my friends are deciding to cash in on their homes, grab the extra bucks and take a hike out of town or out of state and live the good life somewhere else with lots of money to spare.
The housing market has been on a roll recently, with some markets even recovering to their peak 2006 levels. That sounds good, until you remember what 2006 was like.
Every longtime resident knows of at least one Griswold-style home in their area; word spreads and, soon enough, hundreds of families come to visit each year. But for people who have just moved to a city, it can be difficult to know where to see the best holiday lights and decorations.
It's been seven years since the housing bubble burst and foreclosures skyrocketed, but in 2015 we'll see the end of that era. Already this year has seen a major improvement in the composition of sales--that is, there are fewer foreclosures and short sales in the mix.
There are many factors to consider when choosing a potential career; pay, prospects the elusive work/life balance. However too few people consider whether their chosen profession would in fact help them survive a zombie apocalypse.
Prices might be rising more slowly in millennials' favorite metros. But affordability is nonetheless a big challenge in those markets.
Real estate practitioners love times like these for marketing, as they can show that in most markets it's cheaper to buy than to rent. With interest rates still low and owned homes having to compete with foreclosures in the market, prices of homes not in foreclosure haven't been rising much.
Anyone who has struggled to save for a down payment knows that homes are expensive. REALLY expensive. Especially after taking advantage of so many holiday shopping deals lately. It got us thinking... how expensive would it be to actually build a house out of money?
There are the obvious daily habits such as diet, exercise, and social activities that ensure good health, but what about the things we don't always think about? The less obvious areas of impact on our health include our homes, offices, and the built environment around us.
Consumers think 2015 will be a better year than 2014, especially for selling a home. But the recovery will slow as the rebound effect fades before fundamentals become strong. Key markets to watch are in the Northeast, South, and West.
Just when ultra-luxury amenities seem to have reached their peak, developers strive a bit higher. Perhaps the most original feature of newly developed condos is the expansion of the traditional use of floor-to-ceiling windows.
As anyone who's moved a few times knows, not all neighborhoods are created equal. There is no such thing as the perfect neighborhood, because not all areas are going to be truly a perfect fit for everyone and their unique needs.
This week I point to the changing skyline of Manhattan as the physical embodiment of how money and power impact the lives and neighborhoods of everyday people.