Home Warranties

Kathern-rossi-100px E-Edge Photo

 Kathern Parker Rossi, Realtor, GREEN     
  Windermere Homes & Estates 
  73-725 El Paseo Drive, Suite 23-A
  Palm Desert, California 92260

  (cell) 760-851-7913

Quick Fix Tips for Homeowners

Oven won't cook? Toilet won't flush? Sometimes, the answer is simple…

Visit the Quick Fix Tips on the website for Old Home Republic next time one of your systems or appliances stops working. They have helpful hints and simple repair instructions that could save you money and get things running again in minutes.

For example: If the gas burner on the cooktop isn't heating properly, you can clean out the orifices on the burner with a toothpick, tooth brush, or pipe cleaner. This will increase the flow of gas and provide an even flame.

They offer Quick Fix Tips for:

The link to their Quick Fix Tips is found on the left-hand side of their homepage at https://www.orhp.com



The above information was provided by Old Home Republic.

Posted on June 15, 2016 at 6:04 pm
Kathern Parker Rossi | Posted in Uncategorized |

What You Must Know About Home Appraisals


  Kathern Parker Rossi, Realtor, GREEN     
  Windermere Homes & Estates
  73-725 El Paseo Drive, Suite 23-A
  Palm Desert, California 92260

  (cell) 760-851-7913


Presented by CAR.org and By: G. M. Filisko

When you refinance or sell your home, the lender will insist that you get an appraisal–an opinion of the value of your home based on what similar homes in your area have sold for in recent months.

Here are five tips about the appraised value of your home.

1. An appraisal isn’t an exact science
When appraisers evaluate a home’s value, they’re giving their best opinion based on how the home’s features stack up against those of similar homes recently sold nearby. One appraiser may factor in a recent sale, but another may consider that sale too long ago, or the home too different, or too far away to be a fair comparison. The result can be differences in the values two separate appraisers set for your home.

2. Appraisals have different purposes
An appraisal being used to figure out how much to insure your home for or to determine your property taxes may rely on other factors and arrive at different values. For example, though an appraisal for a home loan evaluates today’s market value, an appraisal for insurance purposes calculates what it would cost to rebuild your home at today’s building material and labor rates, which can result in two different numbers.

Appraisals are also different from CMAs, or competitive market analyses. In a CMA, a real estate agent relies on market expertise to estimate how much your home will sell for in a specific time period. The price your home will sell for in 30 days may be different than the price your home will sell for in 120 days. Because real estate agents don’t follow the rules appraisers do, there can be variations between CMAs and appraisals on the same home.

3. An appraisal is a snapshot
Home prices shift, and appraised values will shift with those market changes. Your home may be appraised at $150,000 today, but in two months when you refinance or list it for sale, the appraised value could be lower or higher depending on how your market has performed.

4. Appraisals don’t factor in your personal issues
You may have a reason you must sell immediately, such as a job loss or transfer, which can affect the amount of money you’ll accept to complete the transaction in your time frame. An appraisal doesn’t consider those personal factors.

5. You can ask for a second opinion
If your home appraisal comes back at a value you believe is too low, you can request that a second appraisal be performed by a different appraiser. You, or potential buyers, if they’ve requested the appraisal, will have to pay for the second appraisal. But it may be worth it to keep the sale from collapsing from a faulty appraisal. On the other hand, the appraisal may be accurate, and it may be a sign that you need to adjust your pricing or the size of the loan you’re refinancing.

G.M. Filisko is an attorney and award-winning writer who’s had more than 10 appraisals performed on her properties in the past 20 years. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.



Posted on April 8, 2016 at 10:55 pm
Kathern Parker Rossi | Posted in Uncategorized |