Appraisalworx

02/08/2023

Explain why lenders order an appraisal on a home:

When someone wants to take out a loan to buy a house, the lender needs to know how much the house is worth so they can decide how much money they're willing to lend. The lender does this by ordering an appraisal, which is basically an estimate of the value of the property.

The appraiser is an expert who will inspect the house and consider factors such as the size, location, age, condition, and recent sales of similar homes in the area to determine its value. The appraiser will then give the lender a report with their estimate of the home's value, which the lender will use to determine how much money to lend.

This is important for the lender because they want to make sure they don't lend more money than the house is actually worth. If the borrower were to default on their loan (not make the payments), the lender could end up having to sell the house to get their money back. If the house is worth less than the loan, the lender would end up losing money. By ordering an appraisal, the lender can make sure they're lending a safe amount of money and protecting themselves from potential losses.

01/19/2023

The real estate market in metro Atlanta, Georgia is currently facing a challenge due to the recent increase in interest rates. Higher interest rates can make it more expensive for buyers to borrow money to purchase a home, which can slow down sales and decrease demand for housing.

According to recent data, the average interest rate for a 30-year fixed-rate mortgage has risen to around 7.0%, which is an increase of almost 3.5% from the same time last year. This increase in interest rates can make it more difficult for potential buyers to qualify for a loan, and may also lead to a decrease in the number of homes sold.

Despite this challenge, it's important to note that the real estate market in metro Atlanta is still strong and stable. The city's strong job market and growing population continue to create a steady demand for housing. Additionally, many experts believe that the recent interest rate increase is a normal market correction and that rates will eventually stabilize and even decrease again in the future.

However, the high-interest rates will affect different segments of the market in different ways. For example, first-time homebuyers may be more affected by the increase in interest rates than repeat buyers or investors.

If you're considering buying or selling a home in metro Atlanta, it's important to be aware of the current interest rate environment and to consult with a real estate professional for expert advice on how it may affect you. While interest rates may be a challenge, it's important to remember that the real estate market is cyclical and that the current conditions may change in the future.

If you're in need of a real estate appraisal for any purpose, look no further. We offer a wide range of appraisal services, including:
Mortgage financing
Refinancing
Property tax appeals
Estate planning
Divorce settlements
And more

01/05/2023

Welcome to Appraisalworx, LLC, your premier source for accurate and reliable real estate appraisals. Our team of experienced professionals is dedicated to providing top-notch service and delivering the highest-quality appraisal reports.

If you're in need of a real estate appraisal for any purpose, look no further. We offer a wide range of appraisal services, including:

Mortgage financing
Refinancing
Property tax appeals
Estate planning
Divorce settlements
And more

Our team uses the most advanced technology and techniques to ensure that each appraisal is thorough and accurate. We also pride ourselves on being able to turn around appraisals quickly, so you can get the information you need in a timely manner.

Don't just take our word for it. Check out what some of our satisfied clients have to say:

"I was very impressed with the level of professionalism and expertise shown by the team at Appraisalworx. They were able to provide me with an accurate appraisal on a tight timeline, and their report was thorough and easy to understand. I highly recommend them." - John S.

"I've used Appraisalworx for all of my real estate appraisal needs, and they have never let me down. Their team is knowledgeable, efficient, and always goes above and beyond to make sure I'm satisfied with their work. I highly recommend them to anyone in need of an appraisal." - Jane D.

If you're ready to experience the exceptional service and high-quality appraisal reports that Appraisalworx has to offer, contact us today to schedule your appraisal. We look forward to serving you.

02/25/2021

Get your home value here. Davis Team at EastGeorgiaHomes.com Keller Williams

11/30/2017

Every investment property requires a careful assessment of the value, amount of debt you’ll take on, expected income and other operating costs. Here are four things to consider as you look for the right investment: http://bit.ly/2kcyHGo

10/24/2017

10/09/2017

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on employment conditions in September:
“The key statistic in the September jobs report is the fact that wages grew 2.9%. The tightening labor market, with unemployment at 4.2% and the number of job openings at high levels, assure more wage gains in the near future. Construction jobs, which did not change much in the latest month, will need to increase rapidly in order to relieve the housing shortage facing the country. But in the short term, there will be fewer construction workers building new homes, especially since some will be diverted to rebuilding areas impacted by the hurricanes. Unfortunately, housing shortages will last longer and home prices will no doubt continue to outpace wage growth for the foreseeable future.”

10/05/2017

https://www.nationalmortgagenews.com/slideshow/12-cheapest-places-to-live-where-purchasing-power-is-vanishing?utm_content=socialflow&utm_campaign=nationalmortgagenews-fb&utm_source=facebook&utm_medium=social

Here's a look at 12 cities where the median home sales price is below $215,000, but the combination of housing costs, local wages and other market forces is making home purchasing power disappear in these once-cheapest places to live.

11/25/2014

“Mr. Corey Dobbs was hired to appraise a home in which we were looking to purchase. To make a long story short, the home came in under asking price - needless to say, the seller's were unhappy. A re-evaluation was requested and in the end, Corey used the most professional attitude regarding the home. He took into account, all factors from the location and made a fair and just decision. I highly recommend Corey for a home appraisal (if you have a choice).
If there is one thing that inspires or impresses me, it is someone that has good work ethics. Thank you, Corey!” September 15, 2011
1st Kimberly Hammack, Student, Gwinnett Technical College