Oakland County Homeowners grip

Oakland County Homeowners Have a Better Grip on Home Values

Thomas Gilliam appraisal , Blog , Oakland County , oakland county homeowners Leave a Comment

Let’s face it, there are times when it is hard to get homeowners to understand what their home value really is, but today’s Oakland County homeowners are having a better understanding of their home values. The unexpected appraisal for Oakland County homeowners can be the difference between a satisfied home seller and an entire transaction going south, but these days Oakland County homeowners seems to have a better feel for what their property values are. Let’s break it down.

Oakland County Homeowner Expectations

The mortgage process is really all about verification and documentation, whether it is home buyers income, employment, credit scores and debts. Also there are verifications on things like home inspections, zoning, taxes, and of course the appraisals that need to be done before a closing date can be reached. For Oakland County homeowners the appraisals can be the time for anxiety and nervousness as this is the one thing that determines the homes worth. The appraisal is where the rubber meets the road, and can lead to further negotiations with the potential home buyer, especially when the Oakland County homeowner has unrealistic ideas on what the home is really worth.

Oakland County Homeowners In Sync

The lower appraisal can cause many issues for both the homeowner and the potential home buyer, for that reason, a recent report tracking the difference between Oakland County homeowners’ perception of their home’s worth and its appraised value is encouraging. Many homeowners found that their expectations of their home values were almost in sync with appraised values as it showed only a 0.33 percent off Oakland County homeowner’s estimates in April 2018. READ MORE

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About the Author
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Thomas Gilliam

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I'm a Professional Realtor for 17 years with RE/MAX CLASSIC in the Oakland County MI and the Metro Detroit area and love what I do. Real Estate is my passion... Exceeding your expectations is my goal!