Appraisals and CMAs
Appraisals are primarily used to protect the lender’s interest in the property. Just like lenders can be hesitant to issue a mortgage to credit-risky borrowers, they don’t like to underwrite properties for more than they’re worth. Appraisals also are used when other factors have made it difficult to assess your property’s value, such as a lack of real estate activity in your area.
The agent caravan today was slim pickins’ with so little inventory. But just when you thought there was nothing really out there, I found two surprise properties.
In mid-town Ventura you’ll find a 3 bedroom, 1 bath home which has a 2 bedroom property behind the house. What makes this so special is that the back house has its own entrance so it is perfect for a separate office, art studio, guest quarters, in-law house, artist studio. Both rooms are very spacious and one is currently set up as a living room. You could probably rent it for around $1,100 a month which would offset your mortgage. The house in back even has its own beautiful green lawn!
This is the back area of a home currently listed in mid-town Ventura. The house itself is a lovely handyman special craftsman with a high ceiling basement, and original touches throughout. What makes this home so unique is the property behind the home on which you can build another house. It’s a must see!
Last week’s agent caravan was a delightful journey through homes with amazing views, fantastic outdoor entertaining areas, gorgeous mid-century modern homes, a classic tuscan villa , beautiful spaces, top of the hill vistas and sparkling pools. Many were inside gated communities. Even the surrounding homes gave way to lots of oohs and aaahs too! Click the links to view the photos of these amazing Ventura homes!