Why Choose Westchester Appraisal?
Madison & Park Appraisal Blog
by David Lister
2M ago
In the vibrant realm of Westchester County, New York, understanding property values is paramount. Welcome to our guide on Westchester appraisals, where we delve into the intricate landscape of real estate valuation in one of New York’s most dynamic counties. Why Choose Westchester Appraisal? Nestled in the heart of the Hudson Valley, Westchester County offers a tapestry of communities, from historic villages to bustling urban centers. In this diverse market, accurate appraisals are essential for buyers, sellers, and investors alike to navigate the complexities of property transactions. The R ..read more
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SRA Appraiser: Expertise, Experience, and Benefits
Madison & Park Appraisal Blog
by David Lister
7M ago
Introduction In the world of real estate appraisals, the SRA designation holds a distinguished status, representing a high level of expertise, education, and ethical standards. An SRA appraiser is a professional who has earned the SRA designation from the Appraisal Institute, a leading global organization for professional real estate appraisers. In this blog post, we will discuss what an SRA appraiser is, the requirements for obtaining the designation, and the benefits of working with an SRA appraiser. What is an SRA Appraiser? An SRA appraiser is a real estate appraiser who specializes in the ..read more
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Appraising in Scarsdale, NY
Madison & Park Appraisal Blog
by David Lister
7M ago
If you are a homeowner or a real estate investor in Scarsdale, NY, you know how important it is to have an accurate appraisal of your property. Whether you’re buying, selling, or refinancing, an appraisal can make all the difference in the success of your real estate transaction. In this blog post, we’ll discuss the benefits of appraising in Scarsdale, NY, and why it’s crucial to work with a trusted appraisal business. Scarsdale, NY is a suburban town located in Westchester County. It’s known for its beautiful homes, and vibrant community. The town has a diverse real estate market with proper ..read more
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How the Manhattan Departure is Affecting Property Values
Madison & Park Appraisal Blog
by David Lister
7M ago
Introduction Over the past few years, Manhattan has witnessed a significant outflow of residents, leading to a notable shift in the city’s real estate landscape. This migration, fueled by various factors such as the COVID-19 pandemic, remote work opportunities, and the desire for more spacious living environments, has had a considerable impact on property values within the city. In this blog post, we will explore the reasons behind this exodus, its effects on Manhattan’s property values, and potential implications for the city’s future. The Manhattan Departure: Key Factors Several factors have ..read more
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Demystifying the Home Appraisal Process: A Comprehensive Guide
Madison & Park Appraisal Blog
by David Lister
7M ago
Introduction A home appraisal is a crucial step in the process of buying, selling, or refinancing a property. An accurate appraisal ensures that all parties involved in a real estate transaction have a clear understanding of the property’s value. In this blog post, we will delve into the world of home appraisals, discussing what they are, the factors that influence a property’s value, and how to prepare for an appraisal. What is a Home Appraisal? A home appraisal is an unbiased, professional assessment of a property’s market value. Performed by a licensed appraiser, it provides an estimate of ..read more
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Navigating the Current Interest Rate Landscape: Impact on U.S. Property Values
Madison & Park Appraisal Blog
by David Lister
7M ago
Introduction Interest rates play a pivotal role in the U.S. real estate market, affecting everything from home prices to mortgage rates and overall market activity. In recent years, interest rates have experienced fluctuations that have had a significant impact on property values across the country. In this blog post, we will examine the current interest rate environment and explore its effects on property values in the United States. The Current Interest Rate Scenario The Federal Reserve sets the federal funds rate, which influences the interest rates charged by banks and other financial inst ..read more
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Appraising in New Rochelle, Westchester County
Madison & Park Appraisal Blog
by David Lister
7M ago
Photo by NY Times New Rochelle is located in lower Westchester County. It is a city of roughly 80,000 people. It was started in 1688, over 300 years ago. There is a large variety of housing in New Rochelle including single family homes, 2-4 family homes, multi-family apartments and condos/coops, and a variety of commercial interests mixed throughout the city. It is mostly suburban. The single-family homes were mostly built in the early to mid-1900s with varying architectural style. The northern portion of New Rochelle above Hutchinson River Parkway has more split-level homes built in the mi ..read more
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Exploring New Rochelle Housing: A Hidden Gem in New York
Madison & Park Appraisal Blog
by David Lister
7M ago
Introduction Nestled in the heart of Westchester County, New Rochelle is a charming and vibrant city that has been attracting an increasing number of people seeking a suburban lifestyle while still being close to the excitement of New York City. Known for its picturesque waterfront and historical landmarks, New Rochelle offers a diverse range of housing options that cater to different budgets and lifestyles. In this blog post, we will explore the various aspects of New Rochelle housing, from its affordability to the types of homes available, and why it’s considered a hidden gem in New York. Af ..read more
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Appraising in Scarsdale, Westchester County
Madison & Park Appraisal Blog
by David Lister
7M ago
 Photo by NY Times Scarsdale is village in lower Westchester County. The population is approximately 18,000. It was founded in 1788. There is a large variety of homes throughout Scarsdale. Most of the homes are completely custom built in the early 1900s and in the last 15 years. Many of the older homes have been scraped to make way for larger, newer homes. The average and median sales price is around $2M at the time of writing- 09/2022. The average days on market is well under 60 days with a low number of listings. Appraising in Scarsdales can be challenging because every homes is diffe ..read more
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5 Truths About Home Appraisals and Do Home Buyers Need an Appraisal
Madison & Park Appraisal Blog
by David Lister
7M ago
We all know that feeling… When you finally found your dream home after months of searching and almost giving up. It is indeed an exciting and happy time, but finding the perfect house isn’t a “home run” just yet. It’s more like the first base really. After all, buying a home is a huge step in most people’s lives! It is a process with certain steps that must be taken carefully. It may seem daunting at first, but if you as a home buyer ask the right questions and get the necessary the help, then you can make the process smoother. Examining Mortgages and Appraisals Unless you have the cash stash ..read more
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