Chris and Gina Buy Houses
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​I bought my first investment property 15 years ago. It sure has been a fascinating journey!  10 years ago, I met my wife Gina and she has been along for the ride ever since.  We started this blog to share our stories and what we have learned along the way as well as to learn and share from others.  Whether you are in the market to purchase your first home, are a lifelong homeowner, or a seasoned investor, this blog's mission is to provide you with valuable education, tips, and advice. We have experienced a lot, however we also want to learn from you and your insightful knowledge! We'd love to hear your familiarity as a homeowner/investor: includingwhat has worked and what hasn't!

Your Guide to the Home Appraisal

2/26/2022

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You’ve found your dream home and now it’s time to cross all your T's and dot all your I's before it’s all your own. And one of the first items on your closing checklist the home appraisal. So, what exactly is that?
The home appraisal is essentially a value assessment of the home and property. It is conducted by a certified third party and is used to determine whether the home is priced appropriately.
During a home appraisal, the appraiser conducts a complete visual inspection of the interior and exterior of the home. He or she factors in a variety of things, including the home’s floor plan functionality, condition, location, school district, fixtures, lot size, and more. An upward adjustment is generally made if the home has a deck, a view, or a large yard. The appraiser will also compare the home to several similar homes that were sold within the last six months in the area.
The final report must include a street map showing the property and the ones’ compared, photographs of the interior and exterior, an explanation on how the square footage was calculated, market sales data, public land records, and more.
After it is complete, the lender uses the information found to ensure that the property is worth the amount they are investing. This is a safe-guard for the lender as the home acts as collateral for the mortgage. If the buyer defaults on the mortgage and goes into foreclosure, the lender generally sells the home to recover the money borrowed.

If you are looking to sell we can save you the work and the time of an appraisal.  At Chris and Gina Buy Houses we can save you money, time, buy your house as is, and close on your timeline.  If any of these sound good to you reach out to us TODAY!


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    Chris McMahon

    Chris was born and raised in Saratoga Springs, NY.  He has been a member of the community for over 40 years both as a resident and as a teacher.  He bought his first investment property in Troy, NY in 2003 and has continued to be in the business ever since.  Chris resides with his wife Gina in Gansevoort, NY where he continues to teach in the Saratoga Springs City Schools and pursue his passion in real estate.  He is a licensed real estate agent with eXp Realty. 

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  • Home
  • Blog/Vlog
  • Area's We Serve
    • Saratoga Springs NY
    • Albany NY
    • Clifton Park NY
    • Lake George NY
    • Greenfield NY
    • Greenwich NY
    • Gansevoort NY
    • Ballston Lake NY
    • Delmar NY
    • Rexford NY
    • Glenmont NY
    • Altamont NY
    • Slingerlands NY
    • East Greenbush NY
    • Latham NY
  • Rentals
  • For Sale
  • Contact
  • Pictures
  • Videos