Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 6, 2021

4 Ways to Prepare Your Home for Resale in Texas

4-ways-prepare-your-home-resale-texas

 

Preparing your home for resale isn't an easy task. There are a lot of things to tend to before even approaching a real estate agent. More often than not, there are things that you might have overlooked, resulting in a lower rate once the time for the sale arrives. 

 

As the soon-to-be-former homeowner, you have the responsibility to iron out the details. Every section of your home should be in tiptop shape to garner a high selling price. Even slight damage to the flooring may affect your expected resale price; that is why you should have them all fixed promptly.

 

If you still aren't sure about the preparations and fixes, look no further than the following recommendations.

 

1. Declutter and Remove All of the Unnecessary Contents

 

What may have looked good to you may not be as appreciated by the potential new owner. Be sure to take out any of the clutter you may have accumulated over the years. Even the furniture that is taking up too much space may discourage your potential buyers, as it may create a negative perspective of your home being too small for their liking. 

 

Of course, this doesn't mean that you should leave the property entirely empty, but rather, be sure to leave behind all of the essentials that your potential buyer may enjoy, such as the living room couch, the beds, and the dinner table in the kitchen, among other things.

2. Clean the Whole House

 

Leave no stones unturned. Your potential buyers are expecting a well-maintained house, so be sure to show them a property that is "glossing" in cleanliness. Dust off the curtains, sweep all the floors, clean the bathroom from molds, wipe all of the windows, and varnish all the wooden finishes. Put yourself in the shoes of the buyer and ask, "Would I buy this house in its current state?". A clean home may not say much in terms of its value, but at least it would bring out the beauty of the house that you have come to love over the years.

 

3. Fix All of the Damaged Sections of Your Home

 

No buyer wants to spend money on a deteriorating home. Peeling wallpapers, leaks in the bathroom, loose floorings, even termite infestations; all of these are major factors that may discourage your potential buyers from submitting an offer. That's not even the worst thing, as the overall value may depreciate due to the damages, leaving you with only a small amount. Be sure to tend to these fixes and look for opportunities for retouching that may add more to its pricing.

4. Clean Out the Garage

 

Always assume every room in the home will be used by the buyer—and that includes the garage. Before taking photos or hosting open houses, clean out the garage, fix all of the tool cabinets, and repaint them if you have to. A clean garage will emphasize its overall space, making it an enticing prospect, especially if your potential buyer is a car enthusiast.

 

Conclusion

 

Reselling your home may be a big decision to make. Before even thinking of talking to your potential buyers, make sure that everything has been fixed. The house's condition will affect its value, and in turn, you need to have a realistic idea of how much you’re looking to receive from the sale. Check every room, clean every section, and be sure to renovate anything that may add more to its overall price.

 

Are you looking for Belton, TX realtors to manage the reselling of your home? Look no further than Apex Texas Realty. We are a real estate team in Texas with years of experience in buying and reselling property. Contact us for more information about our services.

May 21, 2021

3 Reasons You Should Know Your Property's Value in 2021

3-reasons-you-should-know-your-propertys-value-2021

 

Being a homeowner means providing the perfect space that caters to your current life. A starter home may feel spacious when you only have your partner and a bun in the oven, but someday you may need to move out to a house that can accommodate your growing family. If you’re ready to start a new leaf, then selling your home is likely in your plans in the near future.

 

It’s easy to think that selling your home is easier than buying real estate, but it can be just as tricky, especially if it involves selling for the right price. That’s where knowing your property’s true value comes into play since many make the mistake of selling at a lower cost than what it’s really worth. 

 

Why You Should Know Your Property’s Value 

 

Benefit #1: Get the Most Out of Your Sale 

 

The primary reason it’s worth hiring a property appraiser is simple: you can set a price that actually reflects the true cost of your home. Nothing can feel more frustrating than selling for what you think is a good steal, but later finding out you could have gotten thousands of more dollars out of it. 

 

This also leaves more room for you to consider a bargain price, particularly when interested buyers haggle for a reduction to cater to future repairs. 

 

Benefit #2: Ease Your Tax Obligations 

 

Selling your house means you have to deal with capital gains tax, which is the responsibility of every buyer and seller in the real estate to the government. This involves sharing an amount of your profit, which can come as a surprise for first-time buyers or sellers. By knowing your property’s value beforehand, you can calculate the estimated capital gains tax, making it easier to prepare for payments once the tax season comes. 

 

Benefit #3: Avoid Being Upside Down on the Property 

 

When you’re upside down on a property, it means that you have dues that are higher than your overall property’s value. This often occurs due to fluctuations in the market, so what was worth a lot before can be cheaper today. Hiring an appraiser to determine your property’s true value can save you from selling a money pit, allowing you to plot out the best time to sell your home. 

 

The Bottom Line: Why Knowing Your Property’s Real Value Matters

 

Something as simple as determining your property’s value can make a difference when buying or selling a home. It can save you plenty of money and effort, plus maximize your investments too. 

 

Do You Need Help Selling Your House Fast?

 

Finding the right homebuyers in today’s volatile housing market can be tricky, but it doesn’t have to be challenging. You can improve your chances of selling your home for the best price by working with our realtors at Apex Texas Realty. 


Our Belton, TX, realtors strive to make real estate a simpler process, so whether you need help selling, buying, or investing in real estate properties, we can ensure you achieve a seamless experience. Learn more about how we can help you today!



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May 14, 2021

Why You Should Purchase a House in Cedar Park, Texas in 2021

why-you-should-purchase-house-cedar-park-texas-in-2021

Over the past years, the real estate market in Texas has been booming significantly. But if there's one place that you must consider as a homebuyer, Cedar Park can be your best bet. This place is a vibrant community located on the northern border of Austin, just 17 miles from downtown. Today, it consists of 1,000 acres of City-owned parkland and 31 miles of trails. Per the US Census Bureau, it is the seventh fastest-growing city in the country. For this reason, it's a good idea to consider buying a residential property in this area.


In this article, we will share why you should purchase a home in Cedar Park:


Real estate market in Cedar Park


When it comes to a home purchase in Central Texas, Cedar Park looks very promising; this is why many homebuyers are considering buying a residential property in this city. In fact, the housing market in this area is deemed to be highly competitive. The median price of a home in this community is about $369,000. Last month of this year, the home prices were up by
52 percent compared to the previous year. On average, these houses got sold after just 17 days of being on the market. 


Here at Apex Texas Realty, our
realtors in Temple, TX, and surrounding areas cater to homebuyers, home sellers, and property investors. Our ultimate goal is to make house buying, selling, and renting a lot easier, faster, and more seamless for our clients. As our site features the best real estate search for homes, condos, land, and foreclosed properties, use it to your advantage today!


What Cedar Park has to offer


There are a handful of reasons you must consider moving to Cedar Park. In general, here's what the place has to offer:

  • Employment opportunities: What's great about this city is that it holds some of the top employers in the country. These include the Cedar Park Regional Medical Care Center and the National Oilwell Varco. If you're looking for a place to work, this community has a lot to offer.

  • Recreation areas and facilities: Cedar Park boasts many parks and recreation facilities. The Cedar Park Sculpture Garden is one perfect example of where you and your family can go for a family outing. Yet, there's more to this place than meets the eye.

  • Affordable cost of living: Another good reason to buy a house in this community is that it's an affordable place to live. In fact, the city's government is proud that it has a lower property tax rate in the last four years.

What amenities to take advantage of

There are various amenities that you can undoubtedly take advantage of by purchasing a house in Cedar Park. Below are some of these:

  • Three major shopping centers - 1800 Ranch, Lakeline Mall, and The Parke

  • Lake Travis - for fishing, boat rentals, and Volente Beach Waterpark

  • Hill country railroad tours - for outdoor adventure and exploration

  • Balcones Canyonlands National Wildlife Refuge - for wildlife pursuit, seasonal hunting, and hiking

Conclusion

At this point, you now know that Cedar Park has so much to offer—from a solid location to affordability up to great amenities. If you're looking to find a residential property in this community, be sure to work with a highly reliable real estate agent who can help you every step of the way!

Are you looking for homes for sale in Cedar Park? You've come to the right place! Our highly reputable real estate team in Temple, TX, can help you in your real estate journey, whether you're buying a home, selling a property, or renting a house. Utilize our interactive map search, or get in touch with us today to see how we can help!



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May 7, 2021

Recurrent Mistakes That Can Affect A Home-Selling Strategy

recurrent-mistakes-can-affect-home-selling-strategy

 

It’s never too easy to come up with an effective home-selling strategy and get a buyer interested. It especially gets more challenging when you’re unable to detect recurring mistakes and problems that start to hinder that process. The very best thing a home seller can do is to identify the errors and avoid making them.

 

Here’s a list of activities that are sure to disrupt the home selling process:

1. Straying Away From Getting A Real Estate Agent
 

Going the ‘For Sale By Owner’ route isn’t too shabby unless you’re new with only a bit of experience under your belt. It can be overwhelming to handle the multiple responsibilities of trying to go and sell a home.
 

It can just be exhausting for your time and effort to jump from advertising to responding to queries to ensuring the property is in good shape and more. It’s much better to get a professional real estate agent and delegate some of those tasks.
 

2. Putting Little To No Effort On Online Listings
 

Every homebuyer researches online these days to see what piques their interest beforehand and narrow down what they desire. It’s unlikely that they’re impressed by poor writing and photos, so it’s imperative to go and switch it up.
 

Invest some time and get some experts on the job if you want your online listing to stand out from the crowd and generate interested clients. A copywriter and photographer with experience in real estate can make quite the difference in how a listing will be received.

3. Leaving Things Broken And Unrepaired

If you start to notice minor hiccups and damages in parts of the property you’re going to sell, it’s not going to be a good look for you or your future listings. The worst-case scenario is getting an offer retracted because of evident maintenance problems. While the property is still in your care, get those furniture and areas repaired instead of leaving them broken.

4. Setting The Wrong Price
 

Home sellers often set the price too high for the current market, which poses a number of problems. Homebuyers would rather go for properties that seem to be within budget and negotiable rather than engaging with one that seems overpriced, to begin with. Talk with a real estate professional about keeping your feet planted and setting a realistic price point instead.
 

5. Keeping Things Cluttered

It’s usually a red flag for homebuyers when they see that certain belongings and furniture are still around the place. It signals that a seller may not have taken proper care of the home, which isn’t a message you want to send. Avoid discouraging potential clients by keeping everything neat and tidy. 
 

6. Forgetting To Stage The House
 

Holding an open house is still one of the best ways to showcase a house to an interested client. Although you want the property to be clean, you don’t want it to be empty either. It can be hard for a homebuyer to even visualize staying at the house if there’s not much there to feed the imagination. Always stage the home before inviting a client over.
 

7. Being Closed Off To Other Offers
 

The best way to go about selling a home is to have an open mind. Do not reject people that are trying to negotiate right away, because it opens the door for a discussion, which can help find a middle ground and ultimately, result in a deal.
 

Conclusion
 

After reading through these mistakes, you may find yourself better equipped to handle and create an effective way of selling homes. Just remember to stay flexible and continuously improve to get the best results. 

Need help with your real estate in Temple, TX? Apex Texas Realty can help! Get in touch with us today.



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May 2, 2021

Vital Things You Need to Look for When Buying a New House

Vital Things You Need to Look for When Buying a New House

 

Buying a residential property is a huge decision for any aspiring homeowner, and it’s not something that you can rush without giving it some serious thought. For instance, when you check out homes for sale in Belton, TX, you shouldn’t go for the first one you see that fits your budget.

 

Keep in mind that there are many considerations to be made, and before you make a choice, you must first weigh-in those factors according to their importance. Ask yourself what’s most important to you, which are non-negotiable, and which ones are nice-to-haves but not necessary.

 

To help you make the right choice, here are some of the most important things that you need to think about:

 

Sufficient House Size and Number of Bedrooms

Before you start looking at houses, you should first determine the size that you want. If you have no idea of the square footage you prefer, at least tell your agent about the number of rooms you are looking for to give them an idea of which listings to show you. 

 

When considering the size, you want to think about the future, especially if you plan to live in the house for many years. For example, if you plan to raise a family there, it would be wise to invest in a place with enough bedrooms to accommodate your growing family. 

 

Functioning Bathrooms

 

The bathrooms may not be the first thing you think about when you walk into a home that you’re considering buying, but it’s so important that it shouldn’t be overlooked. Ask permission from the seller or at least the agent to see if you could inspect the bathrooms. In this case, you’ll be able to see instantly if the house has a shower or a bathtub, and you should also check all the faucets and the shower. Flush the toilets and see if there are leaks anywhere, too. 

 

Aside from the fixtures, decide if you like the tiles used and the bathroom’s overall look. It may seem like a small thing to be worried about at first, but bathroom renovations are costly, and you want to avoid one as much as possible. 

 

Usable Basement and Attic

 

Whether or not you are actually planning to use the basement and the attic as living spaces, you should still make sure that they’re in good condition. There should be no signs of water damage and mold growth. There should be no animal droppings in the attic that could mean there’s an infestation or existence of rodents. Likewise, the basement must be finished and have sufficient lighting. Space must also have a door or a window that could serve as an emergency exit. 

 

Beautiful Exterior and Yard

 

The exterior of the home is as important as the interior. As such, make sure that you inspect the interior of the house for any red flags. When you decide on a home, you will want to get a professional inspector to do it, as it’s a good idea to do a preliminary check before you even consider buying the house. 

 

The yard is another area that you need to consider. Are you looking for a big yard that could accommodate a garden and one that could serve as a play area for the kids? Or perhaps you don’t want to have a big one because you don’t like the idea of maintaining one. Either way, you should think about it as well! 

Conclusion

 

It can be quite exciting when you’re looking for your new home, and you see a ‘house for sale’ signage in front of a beautiful house in a neighborhood you like. However, you shouldn’t be hasty when you’re looking for a property. After all, it is one of the biggest investments you’ll make in your life. 

 

Take time in choosing the best home for your family, and utilize the help that a reliable realtor can provide you. They are your best source for all the information that you need about the properties within the area. 


If you are looking for homes for sale in Temple, TX, or nearby areas, Apex Texas Realty can help you. Visit our website today and find some of the best listings in the neighborhood that you want to live in!



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April 23, 2021

The 4 Best Things About Living in Belton, Texas in 2021

The 4 Best Things About Living in Belton, Texas in 2021

 

The house buying process involves more than just looking at the home. The low prices and nice interior may tempt you, but you can’t base your decision based on those two things alone! More than the house itself, it’s crucial to take into consideration where the home is located. To choose the right house to purchase, you need to look beyond the property line and assess the surroundings!

Location, location, location! Any realtor will tell you that the home’s location is the most crucial factor to consider when house hunting. Houses can be modified—if you’re not satisfied with something, you can have your space renovated or build a new room, but you can’t change the location. Whether you’re happy with the location or not, you’ll have to live with it—literally!

“Where Should I Live?”

Choosing a place to put down your roots is challenging, as everything relies on this one decision. Your home will be one of the most significant financial investments you will ever make, so you need to ensure that you will be making the right choice. 

On your next house-hunting trip, consider the accessibility, appearance, and amenities of the neighborhood. What makes a good location varies by person, as everybody has different lifestyles and needs. If you’re the type of person who prefers to go outdoors and enjoy football and live music with a wonderful community, Belton may just be the place for you!

The Best Location, Belton!

Belton is a one-of-a-kind town in Texas. The beautiful natural surroundings and friendly people will indeed draw you to this one-of-a-kind community. This may be a smaller community than Austin, but it has everything you can ever want or need; it’s almost as if you’re living in the city!

Here are a few of the reasons why Belton may be the perfect place to move into:

Picturesque Lakes


The town’s Stillhouse Hollow and Belton Lakes have drawn people to the area for years. Besides its idyllic landscapes, you can enjoy recreational activities in nature, such as fishing, boating, hiking, and lakeside dining. When you just want to relax, you can appreciate the beautiful sunset view.

Live Music

Music is best experienced live! Attending a music event with friends will be one of the best experiences you will cherish for a lifetime; nothing can compare to the emotions you feel when going to a live music event. 

Known as the live music capital of Bell County, Belton has many music events you can attend, such as the Texas Music Series. You can also find live music at the Gin at Nolan Creek, Miller's Smokehouse, Nolan Creek Winery, and many others. 

Easy Commute

Living in a smaller town doesn’t mean you’re closed off from the rest of the city. When living in Belton, you’ll have quick access to Interstate 35. If you want to go to Austin, you can get there within an hour!

Quality School

Belton is home to one of Texas’ most well-respected universities: the University of Mary Hardin-Baylor! The university has long been recognized for producing excellent professionals. The administrators and educators in the area guarantee to provide the best education for every student.

Conclusion

Belton has all of the amenities you could ever ask for and more! This Texas town may just be the location you’ve been looking for. If you want to live in a tight-knit, active community, visit Belton today! Work with a trusted real estate team to help you look for homes for sale in Belton, Texas.

Are you planning to look for new homes in Belton, Texas? Apex Texas Realty has your back! We work tirelessly to help you with the home buying process. We have built a team of industry experts to make sure you have access to leading professionals and the best service possible. Search for the best homes for sale today!

April 16, 2021

What You Definitely Need to Know About Property Valuation in 2021

What You Definitely Need to Know About Home Appraisals in 2021

 

Real estate is a tricky business. To buy or sell a home, you need to do a lot of research to separate the good deals from the bad ones. But if you don’t have the time or patience to learn about the market and how pricing works, you can always enlist property valuation services. Here are some things you need to know about property valuation as a person looking to sell their property:

What Home Sellers Need to Know About Property Valuation

When you’re calling the shots, you may end up doing two things. 

The first thing you may do is over-value your home. You may be conscious about the price that you bought it, you would want to make your money back. Every investment you made in the home, like renovation projects or system maintenance, may also lead you to believe that your house is more expensive than it is. There’s also sentimental value.

The other thing you might end up doing is setting your prices too low because you need the money fast or you want to move out right away. As much as you don’t love the home you’re living in and would love to leave, there is still value in your home. You cannot rush into a sale you may regret because you set the price too low. 

The good thing about property valuation services is that they can give you an objective insight into your home’s value in the current market. They consider everything—including the home’s structure, curb appeal, the neighborhood, and nearby services like schools and hospitals. 

Property valuation has no ulterior motives to lie to you. If they give you a lower price than expected, hear the reasons out. It may be hard to hear, but it is in your best interest. And if it’s a lot higher than expected, then you can raise the price.

What Home Buyers Need to Know About Property Valuations

Buying a home can be a very intimidating purchase decision. It is a lifetime commitment and expense. Getting professional advice from property valuation can help you make the decision you won’t regret. 

They give you the information about the home’s value broken down into every homeowner’s wants and needs. They look at inspection reports, any criminal reports in nearby areas and compare prices of other homes in the neighborhood. They make sure you don’t get ripped off from convincing sales talk. 

Conclusion

Property valuation services can give you an unbiased opinion of the property you’re trying to buy or sell. They consider the following: the market, the neighborhood, the property’s structural integrity, and a lot of underlying factors. 

If you’re not completely satisfied with the price suggested as a home seller, you can make adjustments to the home to add to its value. As a homebuyer, if the price is too steep, you can either walk away or consult your mortgage provider to increase your loan.

If you’re looking to rent or sell a good home, you need to set it at a good price. If you’re looking into a property valuation, then consult the expertise of Apex Texas Realty. We are the top real estate team with full services that help both sellers and buyers in the area. Contact our team today!

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April 9, 2021

3 Tips to Get Your Home Sold Quickly and for Great Value

3 Tips to Get Your Home Sold Quickly and for Great Value.

Are you having trouble selling your home? If so, you are not alone. Many homeowners find it quite challenging to get their homes off the market. Unfortunately, identifying the reason behind that sluggish sale can be tricky. There are so many factors at play, and whether it’s a highly competitive market or a lack of demand, they can make selling a home much more troublesome.

Your home may not be getting the attention you thought it would, but that does not mean that you have to sit down and just deal with it. There are several things you can do to get your home sold faster, and in this article, we are going to share them with you: 

1. Revitalize your home

Remember how you stare, mouth agape, see your dream kitchen on TV or in an online ad? The goal is to get your buyers to feel the same when they see your house. To achieve that, things like a kitchen remodel to even a full interior repaint can give your home that "wow" factor.

Aside from enhancing the look, there are other things you can do to enhance your home. Try adding a welcoming scent to appeal to visitors’ olfactory systems, making them feel warm and cozy. A vanilla fragrance is a classic way to draw people in and encourage them to visualize a fresh batch of cookies in the oven. A fresh spring scent will make it feel fresh and clean. All in all, putting effort into prepping the home will go a long way in improving your chances of getting it sold.

2. Boost the property's curb appeal

A nice vanilla candle can do wonders, but it won’t sell your home if the exterior looks worn down and poorly maintained. The roof, the walls, and the yard will be a big part of visitors’ first impressions. If it looks old and in disrepair, buyers are going to quickly dismiss any possibility of purchasing your home, heading instead to another house that isn’t as much of a fix-me-upper.

To make sure this does not happen to you, you must improve your home's curb appeal. There are many ways to do this, from tending the gardens to keep things tidy to repainting the exterior to give it fresh paint. What you are essentially doing is keeping the overall exterior look of the home clean and attractive!

3. Set up a sign in front of your home

This is an old-school tactic, but it works wonders. Even with the internet allowing you to advertise your home on popular listing websites (which you should advertise on), having a "for sale" sign in front of your home is still incredibly effective. Any home buyer driving around hunting a home will see that sign and give it a thought!

Even those that are not in the market of buying a home will see your sign, sparking a want or need to own a home and possibly even contacting you when interest grows. All in all, having a "for sale" sign in front of your home is an announcement to everyone around you that you are selling the house, boosting your chances to get it sold.

Conclusion

Apart from the tips we have shared, there are many things you can do, such as getting your home valuation from different appraisers, advertising on the big property listing websites, sharing quality videos and photos of the home, and more. Regardless, the more tip you employ in your home-selling efforts, the better the chances of getting the home sold.

If you are having trouble selling your home, we highly recommend working with experienced real estate agents to get the home sold. They have access to marketing materials and resources to get your home sold quickly, and they can work with you to come up with the best deal possible between the buyer and you—the seller.

Apex Texas Realty is home to expert real estate agents aiding those looking to sell, rent, or buy a home in Central Texas. If you are looking to sell your house fast, work with us today!

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April 4, 2021

Why It Makes Sense to Buy a Home in Texas Today-Our Guide

why-it-makes-sense-buy-home-texas-today-our-guide

The COVID-19 pandemic, which had affected millions of people around the world, didn’t really slow the increase of the value of properties in Texas by much. Values have seen appreciation by 4.1% in the last year, and while that’s lower than the US average, which is at 5.8%, experts believe that the Texas housing market in 2021 will see an appreciation of 6.5%. 

This might get you thinking: since there are a number of stunning homes for sale in Belton, TX, should you consider buying one in 2021? The answer is a resounding yes! Here are four reasons this is so:

 

1. Low Mortgage Rates Rarely Last Long

 

This is one of the best reasons to buy a house as soon as possible. At present, home loan interests are at an all-time low, meaning that if you buy a house today, you can enjoy lower mortgage payments. You’ll also be able to save more money! However, because such low rates are quite rare, you can’t expect them to last too long, so if you are planning to buy a home anyway, you better do it now.

 

2. Prices Are Low Now, But They’re Still Climbing

 

Even if the prices of homes in Texas today are low and even if the movement is slow, the price is continually climbing. Because of this, you can bet the price of the house you are eyeing is probably going to be lower now than it will be in the coming months. 

On top of that, as more people get interested in moving to Texas because of the growing job market, the prices of property in the area are going to appreciate. You should buy one now before they start hiking so that you can save money!

3. Rents Are Getting Higher Faster

If you are an investor looking for a house for sale in Texas that you can turn into a rental property, now is the best time to make the purchase. Mortgage rates are low, and the rental market is more saturated than ever, meaning that you can enjoy a greater cash flow from your investment.

 

4. You Can Enjoy Tax Breaks

Did you know that when you buy a home, you get several tax breaks? For instance, you can deduct the monthly mortgage interest from the tax you’re paying, as well as other home-related expenses. However, these deductions are only applicable if you bought a home, not if you’re renting.  Also, this is for those who itemize their deductions and do not choose the standard deduction. 

 

5. Are You Ready to Buy a House Now?

 

Now that you know some of the best reasons to purchase a home in Texas in 2021, it’s time to ask yourself the all-important question – are you ready to do it?

Buying a house is a huge step, and it is a huge responsibility and commitment that should not be taken lightly. When you’ve determined that you are prepared for it, the next step is to ensure that you are qualified to buy a property. You can apply for a pre-approval to know if you can get a loan and how much you can get.

Conclusion

Whether you are a first-time homebuyer, an investor, or simply someone who wants a second home, know that the next few months are going to be a great time to buy a house in Texas. The mortgage rate is low, and rents are getting higher, so you can earn more from the property you are buying!

There are several homes for sale in Belton, TX, that you might want to look at, or if you want, you can check other Central Texas properties for sale. Also, our experts at Apex Texas Realty can help you find the right property for your needs. Check out our listings today, or connect with us to see how we can help!


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April 4, 2021

Home Selling 101: Determining a Home Appraisal Cost

home selling excitement

A licensed professional conducts a home appraisal to determine your home’s worth before selling it in the market. An appraisal refers to the estimation of your home’s value based on the evaluation of a qualified professional.

The appraiser bases the estimation on several factors such as the age and condition of the home, size of the home, construction materials used, curb appeal, style, improvements and updates, comparable homes in the market, and others. Every property appraisal should be an objective and independent estimate of the real estate’s value. Federal regulations require every appraiser to conduct an unbiased evaluation of the seller and buyer and ensure that there will be no interest in a specific transaction.

The appraiser will first have an on-site visual inspection of the property. Based on the findings compiled, the appraiser will adjust either downward or upward from the comparable sales.

Mortgage lenders always require appraisals when dealing with home buying or refinancing a mortgage.

Why is an appraisal necessary?


An appraisal is helpful for both the homeowner and the buyer. It will give buyers an idea of the property’s value before they purchase the property. On the other hand, a property appraisal can benefit the homeowner because it can establish the mortgage loan’s parameters.

A property appraisal is also important for the homeowner or potential buyer because it establishes the parameters of the mortgage loan. A well-maintained property can have a higher value and get a loan with a favorable interest rate.

How much do appraisals usually cost?

Typically, a single-family home appraisal can cost $300 to $450, but can still vary based on several factors, such as the value of the property, size of the home, condition of the property, and other details involved in the appraisal. Obviously, large properties may cost a higher appraisal. In larger areas with higher costs of living, the cost may range from $500 to $800, or even higher.

Other features that may impact the appraisal cost include unusual features, unique locations, lack of comparable homes, and damage.

You can also expect to pay an additional appraisal of the property when there is extensive damage. This is because the more damage it has, the extra effort the appraiser should make. There are also seasonal conditions that can make it challenging to perform an inspection for an appraisal.

How to find a reliable appraiser?

Finding the best appraiser for your property can be a bit challenging because you need to make sure that the person is reliable and competent. You can refer to the government’s national registry at ASC’s website to find if the appraiser possesses the right credentials.

Federal regulations do not allow the seller or buyer to select the appraiser. Some lenders ask from a third party who will randomly assign the job from a pool of licensed appraisers.


Also, the lender is also not allowed to have any relationship with the appraiser to ensure a fair and unbiased home valuation.


Conclusion

An appraisal provides a vital role in determining a property’s value before putting it up on the market. Both the seller and buyer can benefit from it. The cost of an appraisal may vary based on several factors.

You can perform your own instant property evaluation now or you can get in touch with us. Apex Texas Realty features the best real estate search for condos, homes, land, and foreclosure properties available.

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