Posts

Showing posts with the label Fannie Mae guidelines

The Truth About Listings: Why Accurate Data is Crucial for Conroe Agents and Appraisers

Image
Hey there, Conroe real estate agents! Today, we’re diving into an issue that affects everyone in the real estate market—accurate listings. As a state-certified appraiser, I’ve seen how even small inaccuracies in MLS listings can lead to big problems down the road. Whether you’re pricing a property or doing a CMA, getting the details right is essential. So, let’s talk about the most common mistakes, the difference between accessory dwelling units (ADUs) and guest quarters, and why this all matters more than you might think. Accuracy Matters: The Power of Accurate Listings Let’s face it—appraisers and real estate agents both rely heavily on data from the MLS to estimate property values. But when that data isn’t accurate, it can skew the entire market. One of the most common issues I see is the misrepresentation of gross living area (GLA). This happens when agents include square footage from accessory dwelling units (ADUs) or bonus spaces in the GLA of the main home. While it might seem h