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 […]
What is an appraisal contingency and why is it more important now than ever?
June 29, 2018 By 6 Comments
9 Home Measurement FAQ’s For Agents
June 22, 2018 By 7 Comments
Correct Home Measurement Can Prevent Mistakes This week, while working on appraisals, I had a couple of situations where the real estate agents for two homes I was appraising used the incorrect square footage in their listings. If they would have known the guidelines for home measurement this could have been avoided. The first situation […]
Hey, if the market is so hot why didn’t my home appraise?
June 8, 2018 By 9 Comments
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?
May 31, 2018 By 13 Comments
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?
May 17, 2018 By 4 Comments
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 […]
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