When buying or selling a home, having an appraisal done is an important part of the process for both the buyer AND the seller. Although the primary and direct benefit is for the buyer, it is still a necessary aspect of the real estate transaction for the seller, too.

First, let's discuss what an appraisal is and why you need one in the first place.

An appraisal is an estimate of a property's value based on factors such as location, amenities and condition in comparison to similar properties that have recently sold in your area. Further, an appraisal is required on all purchases being financed so lenders can ensure the property is worth at least as much as the buyer is borrowing from their lender. This is not only a benefit for the buyer, but is a direct benefit for the lender as it is the only way they get to see the property and know what they are lending their money on.

The calendar says April, but it is starting to feel like August outside. And when the heat rises, so does your electric bill.

There isn’t anything you can do about the rising temperatures, but you can take steps to hold the line on your utility bill.

Some things you can do are relatively simple, like turning off lights when you leave a room. Others are more complex, like investing in a more energy efficient air conditioner when replacing your current system.

Each month, Dream Builders Realty shares the most up-to-date information regarding the Central Florida real estate market. These numbers are beneficial to you as a home buyer or seller because they provide insight on what is happening in the local market and can be used as a starting off point in your next big real estate adventure. Our intentions are that you will be more prepared when it does come time to talk with a Realtor®.

We hope our monthly Central Florida real estate market updates (including our March 2015 real estate market update where you can compare the previous month's numbers to this month's numbers) help with your real estate needs when it comes to buying or selling your next home in Central Florida.