You and your buyer have agreed on a purchase price for your home. All the bank’s paperwork is ready. All they are waiting for is the appraisal to be finished.

Sales Agreement

As an appraiser begins the process of determining the homes appraised value, the purchase agreement (also known as the sales contract) is used to establish the home’s worth. A home’s worth is established when someone (a buyer) agrees to pay you (the seller) a set dollar amount to purchase your home.

Comparable Homes Sales

The county courthouse keeps a record of all real estate transactions within their county. The appraiser uses this information to locate comparable properties. Comparable properties are similar is both size, style, construction type have sold within the 6 months, and is located within 15 miles of the home that is being appraised. If available, an appraiser will prefer to use comparables that have closed within the last month and are located 0-3 miles of the home being appraised.

Appraisers will also use the following in selecting comparables: lot size, upgrades in the home, square footage, condition, and year built just the name a few in establishing value. Appraisers will use a minimum of 3 comparables within their report.

Closing Remarks

As you prepare for the day the home is being appraised, there are a few tips you can use to help the appraiser out. Make sure the home is clean and clutter free, cut the grass, trim the trees and shrubbery, and have a copy of the sales contract readily available. Be prepared to discuss any repairs and renovations with the appraiser.

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Lake Keowee Community Lot in Oconee County, South Carolina at …
Lake Keowee Community Lot in Oconee County, South Carolina land for sale at LANDFLIP.com.  read more…

Delane's Keowee Blog: Check out my photos on Facebook
I grew up right here in Oconee County on the north end of the lake near Jocassee. My family still owns land here and have been here for at long as it has been settled.My mother taught school in a one room schoolhouse in the 40’s. …  read more…

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Purchasing a beach home is the dream of many. Having a place where they can get away and relax for a weekend or spend their Summers. Now that you’ve purchased a new beach house, you will likely be selecting paint colors for the interior. Now it’s impossible to show you everything in this one article, but we can provide you with a couple of tips that will help in selecting a high quality interior paint for your beach house.

New house paint is a difficult task as it is, and you definitely don’t want to paint your beach house a second time. Make sure whatever kind of house paint that you buy matches up with your existing paint. Maybe take a picture or find out exactly what kind of paint you have in your beach house right now so that when you go to the hardware store, you can show them exactly what you need. Or better yet bring home some paint samples to see how they look in the natural light of your beach home.

Take a look around at the different types of paint that are available for you to buy in the store.You will quickly notice that paint varies in quality drastically and you generally get what you pay for. Granted, you have to make sure that you’re not getting ripped off and you really are getting a good deal, but if unless you want to paint the interior of your beach house every couple of years, try to buy the best type of paint that you can afford. It will last a lot longer and will likely save you money in the long run.

If you are going to tackle the job yourself, take some time to educate yourself. You can talk to painting contractors and home decorators about what techniques they use and how you can do a good job. They may be able to give you some tips on how to do the job right. Also, you can attend free paint clinics at stores like Lowe’s and Home Depot. they usually hold these several times a month, usually on Saturday mornings. When you attend, don’t be shy, ask them questions they will gladly help you.

In Closing

You may be thinking when do I have the time to do this myself? Well a lot of beach homes are painted by their owners on the weekends in the Fall or Spring time. Especially if you rent out the home, you shouldn’t tackle this project during the middle of the Summer while you or your renters are trying to enjoy the beach.

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