Adirondack Country Homes Realty
Adirondack Country Homes Realty Inc. is pleased
to offer its customers, Realtor colleagues, and
clients, real estate appraisal services through
Robert "Bob" Rowe has been a New York certified
appraiser for over 20+ years. Bob has been a
member of the NY State Assessors Association, as
well as the NY Assessor professional level for
over 10 years.
"With today's mortgage rates, utilizing the bank
financing programs instead of cash is a much
more attractive way of buying property today.
Sellers would be wise to learn more about the
appraisal process, or even get their property
appraised before the selling process begins to
insure that their property will indeed meet, or
exceed, the bank mortgage process. We had
several failed real estate sales because the
bank didn't agree with the seller's and buyer's
US has been pulling out of the recession slowly and banks
are now more conservative than the post-recession times.
Gone are the "no-doc' loans, easy money programs, and quick
loan programs. Today's mortgage lenders are methodical and
approach each loan with strict guidelines to insure that
they have the ability to resell those mortgages to the
secondary market. Most of the conventional loans are
resold. Therefore, today's mortgage loans must fit within
the Fannie Mae/Mac's criteria.
What does this mean to the consumer? It is ever more
important today, to price a home within the range of what a
home will appraise when a buyer is using bank financing.
(Comparable Market Analysis) is still a helpful tool in
understanding the market swings; but an appraisal will pin
point what the bank will actually loan against the value of
the property. Realtors will use a CMA study to gauge the
market trends and it is an excellent start when pricing your
property. Yet to insure that same property will carry a
bank loan, the appraisal process is superior. Banks are
basically become the key to today's home ownership.
113 Flynn's Line Road,
Burke, NY 12917