Got multiple offers? I think agents are missing out on a secret weapon at their disposal. What is the secret weapon your ask? Multiple offers. As you probably know, multiple offers can occur during the sale of a home when more that one party wants to purchase the property. This can occur when the number […]
How do you appraise an in-law suite?
July 13, 2017 By 30 Comments
A reader’s question about appraising homes with an in-law suite I was recently asked a question by real estate agent Tammy Anderson about how appraisers might appraise an in-law suite. She was specifically curious about whether a second kitchen and entrance might cause trouble in the valuation. If you have any further questions about an in-law […]
10 Appraisal mistakes new agents make and how to avoid them
July 6, 2017 By 11 Comments
Common appraisal mistakes new agents make Are you a new real estate agent? Are you unsure about the appraisal process? If you answered yes to these questions then this post is for you. There are numerous potential appraisal mistakes new agents make but by becoming familiar with the items discussed here you can reduce the […]
An FHA appraisal is not a home inspection
June 22, 2017 By 4 Comments
FHA appraisal is not a home inspection I received an interesting question from a reader recently that I thought I would share with you today. This particular situation involved an FHA appraisal and the condition of the property. The buyer did not want to spend money on a home inspection and wanted to know if the […]
4 Appraisal ethics rules Zillow may be breaking when they give your zestimate
June 14, 2017 By 14 Comments
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 […]
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