Market Appreciation vs. Home Depreciation In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” —Rudolf Clausius, first law of thermodynamics. “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first...Read More
Market Appreciation vs. Home Depreciation “In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” —Rudolf Clausius, first law of thermodynamics. “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first...Read More
Market Appreciation vs. Home Depreciation “In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” –Rudolf Clausius, first law of thermodynamics “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” –Ross Kaplan, first...Read More
The Role of the BPO (“Broker Price Opinion”) When someone owes $250k on a home currently worth $200k, arguably they no longer own the home . . . their bank does (or, at the very least, the bank calls the shots). So, it would seem smart to find out what the bank is willing to sell...Read More
Crossing (Appraisal) Bridges When You Come to Them With housing prices now rising in most markets nationally, the risk of homes not appraising is generally receding. But, the risk still isn’t zero. Even so, it’s usually unwise — even if it’s possible — for the Buyer and Seller to address in the Purchase Agreement or...Read More
Thick — and Thin-Skinned — Buyers First, two disclaimers: 1) in a decade selling real estate, I’ve never had a Buyer or Seller I represented bring — or defend — a legal action or arbitration claim; and 2) lawsuits (or arbitration actions) over “home sales gone bad” aren’t very common to begin with (I’d estimate that...Read More
