Geographic competence in appraising has become a hot topic over the last couple of years. It refers to an appraisers knowledge of a market and his/her ability to produce an accurate and reliable report. One way to measure this is by looking at someones experience of working in an area. Take a look below at […]
Know Thy Market- The Importance of Geographic Competence in Appraising Real Estate
September 3, 2012 By 7 Comments
HVCC One Year Later:Are We Better Off?
April 6, 2010 By 6 Comments
Well, its been almost one year since HVCC has been in effect (come May 1, 2010 it will be 1 year). The question everybody is asking is: Are we better off? From my own experience as an appraiser I have to say “No”. Since the HVCC was put into motion I have seen average appraisal […]
FHA Tip: Turn The Water On To Save Your Borrower Money
March 14, 2010 By 4 Comments
I recently did an FHA appraisal on a property. The home was relativily new so there were not major issues with peeling paint, inadequate electrical service, or other typical concerns. The only issue was the fact that the water had not been turned on. The property was a foreclosure so this is not untypical, however […]
Is Peeling Paint Killing Your FHA Loan?
February 27, 2010 By 26 Comments
I recently did an inspection for an appraisal on an FHA refinance loan. It was an older home that had been undergoing some updates and renovations. One of the biggest problems I see on older homes, and one which this home had, is peeling and chipping paint. This is not an issue with conventional loans […]
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