One of the most confusing parts of the home buying/homeowner process is appraised value. This is because there are two types of appraised values: the appraised value of your home as seen by the lender who will be lending you the money to purchase your home, and the appraised value by the county tax assessor for the purpose of collecting taxes. When in the home buying process, when you are told your new home will be appraised, this is referring to the lender. An appraiser will be sent out to the property and will determine the value of the house based on comparable home sales in the area and the condition of your new home in comparison to others that have sold close by. We want this amount to be high , because this is your home's market value. Each year, the county appraises all properties - they then assess taxes based on that amount. This is the tax appraisal. We want this amount to be low , because this is what you will have to pay in taxes. Often, I will have p
Welcome to my new website, full of great information for those who are looking to purchase a new home, sell their current home, those who are homeowners, those who would like to be a homeowner in the future, or just residents of North Texas who are interested in information related to where we live! My goal is to bring you information that is useful and relevant. Content on this page will not only include real estate tips, but also ways to engage in your local community and to gain helpful insights into being a homeowner. If there is anything in particular you'd ever like me to touch on, please, let me know! I love to have feedback from those out there who engage in my blog. I hope you will join me each day for a glimpse into the real estate world and into your local community!