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 * Home
 * About Us
 * Join Our Team
 * Services
   * CVR
   * Videos
   * The Collateral Valuation Report (CVR™)
   * Sample CVR Report
   * Estate Appraisals
   * FHA Appraisals
   * Commercial Appraisals
   * REO Appraisals
   * Divorce Appraisals
   * Bankruptcy Appraisals
   * Bail Bonds Appraisals
   * Estate & Date of Death Appraisals
   * Financial Planning & Trusts
   * PMI Removal Appraisals
   * Pre-Foreclosure & Short Sales
   * Tax Assessment Appeals
   * Pre-Listing, Pre-Purchase, FSBO’s
   * Home Measurement Services
   * Rush Appraisals Available
   * Expert Witness Testimony
   * Date of Death Valuations
   * Property Assessment Appeal
   * General Purpose Appraisal
 * Blog
 * Testimonials
 * For Buyers

Menu
 * Home
 * About Us
 * Join Our Team
 * Services
   * CVR
   * Videos
   * The Collateral Valuation Report (CVR™)
   * Sample CVR Report
   * Estate Appraisals
   * FHA Appraisals
   * Commercial Appraisals
   * REO Appraisals
   * Divorce Appraisals
   * Bankruptcy Appraisals
   * Bail Bonds Appraisals
   * Estate & Date of Death Appraisals
   * Financial Planning & Trusts
   * PMI Removal Appraisals
   * Pre-Foreclosure & Short Sales
   * Tax Assessment Appeals
   * Pre-Listing, Pre-Purchase, FSBO’s
   * Home Measurement Services
   * Rush Appraisals Available
   * Expert Witness Testimony
   * Date of Death Valuations
   * Property Assessment Appeal
   * General Purpose Appraisal
 * Blog
 * Testimonials
 * For Buyers


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RESIDENTIAL INVESTMENT

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RESIDENTIAL INVESTMENT

Investing in residential property? Protect yourself against illegal “flipping”
When you’re considering investing in rehabilitated residential property, you’re
making a smart choice. Real estate values have been climbing at the same time
demand for homes has been increasing — an impressive combination. Often, people
and companies that sell rehabilitated real estate buy a dilapidated property,
put a lot of money and sweat equity into it to make it attractive to a buyer,
and then reap the reward when the property is sold for a lot more than the
original buyer paid for it. There’s nothing wrong with this; on the contrary, it
makes more housing available at a time when it’s in demand. And as noted, it’s
often a good investment choice for the eventual buyer. But before you invest in
a rehabilitated property, you should obtain a professional appraisal, from an
appraiser with your interests in mind. Normally an appraisal will need to be
performed on behalf of the lender, by an appraiser working closely with sellers,
brokers and agents. Too often lately homes are “flipped” for considerably more
than they were recently paid for without any substantial improvements to justify
the higher price. You’d be the one left holding the bag — shouldn’t you have
someone on your side making sure your money is being invested wisely? It’s easy
to protect yourself. Hire a professional appraiser to ensure the property has
had the improvements put into it that justify the asking (or agreed upon) price.
If you’re buying more than one property at a time from the same buyer, it’s even
more important to have them appraised by a professional working for you, instead
of another party to the transaction. There are cost effective ways to protect
yourself in an investment into many properties. We perform “drive-by”
appraisals, sanctioned by housing giant Fannie Mae, which can be more cost
effective than a full appraisal with an interior inspection. When combined with
the expertise of licensed home appraiser, you should be able to buy with
confidence that everything is as represented by the seller. It’s smart to always
have an inspection done before closing on a property. It’s equally important
though to obtain an opinion of value from an appraiser. An appraiser will tell
you if everything that is present in the structure is functioning properly, what
repairs may need to still be done, and whether there are any safety or soundness
issues with the property. An appraiser can translate that into dollars. As
rehabilitated, is the property worth what it’s selling for? If something
unexpected happened and you needed to sell right away, would you be able to
recoup your investment? As an investor, you need and deserve to know. Protect
your interests with the help of a professional appraiser.
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 * Home
 * About Us
 * Services
 * Testimonials
 * For Buyers
 * Why Should you get an appraisal
 * Order an Appraisal
 * Our Service Area
 * Estimated Fee
 * Clientele
 * Residential Investment
 * Real Estate Agents/Help


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