Lake Conroe Appraisals Blog

Ever had a client or agent ask, “Why didn’t you use the sale down the street?” Yeah… we get that one a lot. Truth is, appraisers don’t just grab three random houses off Zillow and call it a day. There’s actually a method (and a little madness) behind every comp that makes it onto your appraisal report. As a state-certified residential appraiser here in Montgomery County , I spend way too many late nights cross-referencing MLS, county records, and TrueTracts maps to make sure every sale I use actually reflects the market for your property. Here’s a peek behind the curtain. 🔍 Step 1: Location, Location… Market Area Forget the myth that every comp must be within a one-mile radius. That might work in a cookie-cutter subdivision, but around Lake Conroe , you’ve got waterfront, acreage, cul-de-sacs, and houses with shops big enough to store a small aircraft. What really matters is the market area — homes competing for the same buyer. Sometimes that’s within a mile, sometimes it’s a...

When it comes to buying a home, understanding the appraisal process is crucial—especially if you're deciding between an FHA or conventional loan. While both appraisals aim to determine a property’s value, there are significant differences in how they’re conducted and what they evaluate. Let’s dive into what sets these two types of appraisals apart and why it matters for homebuyers and sellers alike. What Is an Appraisal, and Why Does It Matter? An appraisal determines a home’s fair market value, ensuring that buyers, sellers, and lenders have an accurate understanding of the property’s worth. However, not all appraisals are created equal. FHA appraisals include an additional layer of inspection to ensure the home meets the safety and livability standards set by the Federal Housing Administration, while conventional appraisals focus solely on market value. Key Differences Between FHA and Conventional Appraisals Property Standards FHA appraisals are more stringent, requiring the prop...