York & York

read moreBecause residential real estate transactions are secured by a very valuable asset: the home itself. If a borrower defaults on a loan, the risk for the lender is often only the difference between the value of the home and the amount outstanding on the loan, less the amount it costs them to foreclose and resell the property. For this reason, lenders are very wary of lending more than a certain percentage of a home's value. Traditionally, this has been 80 percent. The cushion this provides the lender helps ensure that their losses from loan defaults are kept to a minimum.

read moreA home purchase is the largest, single investment most people will ever make. Whether it's a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off. Most of the people involved are very familiar. The Realtor is the most common face of the transaction. The mortgage company provides the financial capital necessary to fund the transaction. The title company ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer.

read moreFor homeowners, a real estate appraisal is the linchpin to buying or selling their home. It allows the property transactions to occur among the buyer, seller, real estate agent and mortgage lender. Before an Appraiser arrives, there are a few things you should know. By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions. Also by law, you are entitled to receive a copy of the completed appraisal report from your lender. Once your appraiser has arrived, you do not need to accompany him or her along on the entire site inspection, but you should be available to answer questions about your property and be willing to point out any home improvements.

read moreHomeowners need appraisals or appraisal reviews for a variety of reasons, including a mortgage refinance, home equity loans, Pre-listing services, and PMI removal. When you order an appraisal or review from us, you can rest assured that you will get the best in professional service, courtesy, and quality. Be sure that you request us if your lender asks you for YOUR choice of appraisal firms. More than likely we are already on their "approved list", and if not we will quickly provide your lender with the necessary documentation to become approved.

read moreIf you are going to sell your home you would be wise to invest in a professional appraisal. Professional appraisals do not cost money, they pay in the long run! Unless a homeowner studies real estate values on a day to day basis, like a professional appraiser does, it's difficult for them to get a handle on real estate values. We are not talking about how much you have invested in your home, how much you paid for it, or how much you want for it. We are talking about the true market value of your home.

read moreFinalizing a divorce involves many decisions, including "Who gets the house"? There are generally two options regarding the house - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well supported, professional appraisal that is defensible in court. When you order an appraisal from us, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal.

read moreYork & York, Inc. is willing to reply to any concerns you might have about appraisals or real estate in Denton County. Contact York & York, Inc. today to talk about how we can help solve your specific valuation problems. What does an appraiser do? Why would a person request a real estate appraisal? How is an appraiser different than a home inspector? My agent performed a CMA for me. Is that the same as an appraisal? What can I expect to see in my appraisal report? After completing the appraisal, what guarantee is there that the value indicated is valid?

read moreWe are residential appraisal experts. Our ongoing analysis of local real estate trends and formal training as State Certified appraisers make us qualified to provide home valuations in Dallas, Denton, Collin and Tarrant Counties for clients ranging from national mortgage companies to local lenders or individual businesses and consumers. York & York, Inc. takes frequent advantage of the latest appraiser tools and software to save you time and money, still providing a high level of expertise. Of course, it's been our experience that no matter where you go, service is the main reason a client comes, goes, stays or gives your number to their friends.