The “Subject To” appraisal is one that many people do not understand, so I thought I would share with you today a situation in which a “Subject To” appraisal could have saved the homeowner thousands of dollars. A “Subject To” appraisal is one in which the value is based on a what a home will […]
Why do you need a copy of the sales contract Mr. Appraiser?
January 23, 2013 By 24 Comments
Have you ever wondered why the appraiser needs a copy of the sales contract? They’re just going to use it to come in at the contract price, right (not really)? If you’ve ever asked yourself this question I hope I can help you understand why it is important that the appraiser review the sales contract […]
What is an acceptable form of heating and cooling for FHA appraisals?
January 18, 2013 By 4 Comments
I get questions all the time from buyers, sellers, and agents, about FHA/HUD standards as it pertains to the appraisal and what may or may not qualify. The main principle, as I have written about in the past, pertains to health and safety issues. I am appraising a property now that uses a window unit […]
My 12 favorite blog posts of 2012
January 15, 2013 By 4 Comments
As I plan my blogging calender for 2013 I look back on 2012 at what I wrote about so that I don’t repeat the same material, or at least not too similar of a topic. I have been blogging now for about 3 years and to be honest find it to be one of the […]
FHA loans and messy homes
January 11, 2013 By 4 Comments
I recently appraised a home for a refinance loan that was not the neatest one I’ve ever seen. It was an appraisal for a conventional loan, which is not as strict as FHA loans are, so there were no issues or additional requirements. If this had been an FHA loan the appraisal may have turned […]
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