Editor’s Note: This article explains the four most common valuation methods used for real property transactions and how and when they are used. It’s important to note that the methods below are not necessarily mutually exclusive. Lenders, servicers, investors and other professionals use one or more of these valuation methods, depending on circumstances and the type of transaction. Often, one valuation...
Buying a new house is an exciting adventure to embark on. Whether you are a newlywed just beginning your life with your significant other or a retiree looking to downsize, purchasing a new home is a time of new beginnings. Despite all of the anticipation of owning a new home, there are some housekeeping items that should be taken care of prior to settling in. Committing to a Final Walk-Through As eager as...
I’m going to build a new home and want to make sure I seal all air leaks. The new home is close to where I live, and I have the time and inclination to do some work on it myself. My current home leaks air around doors, windows, electrical outlets and numerous other places. What...
As we usher in the New Year, we have a tradition at our home of sharing our intentions for the new year. Most of the time we talk about our flaws and how to correct some of our personality shortcomings (i.e., be more patient, understanding, follow through with a project until completion). This year, my intention was very simple and one that I would like to pass along to you and your family as well: be the...