Hey, if the market is so hot why didn’t my home appraise?

A Hot Market is not a Guarantee Your Home Will Appraise In a hot market like we have now a low appraisal should be the least of our worries, right? Wrong. There are still some people asking “why didn’t my home appraise?”. It should never be considered a given that just because we’re in a […]

Are Investor Flips Good Appraisal Comps?

Good Comp or Not? Are all comparables (comps) created equal? This is a question I continually ask myself when reviewing sales for appraisal assignments I’m working on. This includes investor flips, our focus for discussion here. Depending on who you are, you may have a different understanding of what a comp is. I always tell […]

What Is The FHA Septic Tank Rule?

What Is A Septic Tank? For those who have not heard of what a septic tank is let me take a minute to explain. A septic tank is a private sewer system that services a house. Many homes are on a public sewer system, however, for rural areas or areas where the public sewer lines […]

4 Things Agents Can Do To Save Their FHA Buyers Money And Time

Do You Want To Save Your FHA Buyers Money and Time? This week I had a situation with an FHA appraisal assignment that I wanted to share with you. The thing that makes this one different from the others is that if it had been handled differently it would have saved the buyers money on […]

Do I Need a Pre-Purchase Appraisal?

What is a pre-purchase appraisal? Many of you may have read my posts in the past about pre-listing appraisals but this is the first time I’ve written about the pre-purchase appraisal. They sound similar but are they? Let me explain what they are and why I’m writing about them. A pre-purchase appraisal is not done […]

 

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