People may think that I believe this because I am an appraiser, but it truly makes sense. I have seen it happen numerous times. A house is selling and everything has been done: contract, title, home inspection, etc. and the last thing is the appraisal. Unfortunately sometimes the value just isn’t there, and the deal […]
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 […]
Realtor Tips For FHA Appraisals
February 25, 2010 By Leave a Comment
In recent months FHA financing has been on the increase. With the decline of the sub prime lending market, and related creative financing programs, many lenders have been offering FHA loans to many homeowners for refinancing and home purchases. Current FHA requirements are not as stringent as they once were. If you are interested in […]
How to Find Out the Qualifications of an Appraiser Before You Retain Them
February 21, 2010 By 2 Comments
As a follow up to my last post I thought I would provide practical ways for users of appraisal services to find out the qualifications of the appraiser they want to use before they retain them for services. By doing this first you will not have to regret hiring an appraiser after the fact. Let’s […]
Things To Consider When Choosing an Appraiser
February 19, 2010 By 2 Comments
Are you a homeowner in need of an appraisal? Are you a lender needing to choose an appraiser to do work for your company? If you are, I hope what I have to say can help you in your decision making. All appraisers are not alike. Appraiser experience varies based on several factors, including but […]
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