What is an appraisal contingency and why is it more important now than ever?

What is an Appraisal Contingency? For those not familiar with what an appraisal contingency is let me give you a simple explanation. An appraisal contingency gives you a way out of a legally binding contract should the home you are purchasing not appraise for at least the contract price. If you are purchasing a home […]

4 Appraisal ethics rules Zillow may be breaking when they give your zestimate

Do appraisal guidelines matter? In case you haven’t heard, real estate website giant Zillow is part of a current lawsuit that was filed by Chicago real estate attorney Barbara Anderson. The lawsuit was instigated because Ms. Anderson claims that the Zestimate provided by Zillow does not reflect the true market value of her home and […]

Do I need a bankruptcy appraisal?

Bankruptcy appraisal provides proof of the value of your home If you are ever in the situation where you need to file for bankruptcy, and you own a home, you will probably need a bankruptcy appraisal. Choosing a qualified bankruptcy appraiser is important because there are a lot of moving parts in this process and […]

What is an easement and how does it affect my property value?

What is an easement? If you’ve ever purchased real estate it’s quite possible that the property may have been subject to an easement. Easements are common and a lot of properties have them without the owner even being aware of it. The easement is something that is included in the legal description as well as […]

Who can order a home appraisal?

Is it ok for anyone to order a home appraisal? I received a call this week from a homeowner who wanted to order a home appraisal for a refinance loan. They knew the mortgage company would need it to complete the loan. What they didn’t know is that several years ago government legislation made it […]

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