Understanding the FHA rule for appliances Are you confused about the FHA rule for appliances in the homes you are selling? If so you will want to continue reading so you’ll understand how it is handled in the appraisal. Agents that are proactive will help expedite the appraisal process and minimize delays in closing. Are appliances […]
Will a finished basement add value to a home?
September 6, 2016 By 27 Comments
Does a finished basement add value? A question I get quite often from agents is “Does a basement add value to a home and how much value should I use? This usually occurs when they are doing a CMA and looking at comps to come up with a value for a listing. The simple answer […]
Agents, are you preventing appraisers from doing their job?
August 30, 2016 By 4 Comments
Is preventing appraisers from doing their job on the rise? In a recent episode of Phil Crawford’s “Voice of Appraisal” podcast show on Youtube (he starts talking about it at around the 27:30 marker), the host reported that some appraisers are being denied access by agents to homes they have been asked to appraise. It seems […]
Why agents should be aware of the sales history of the subject property
August 24, 2016 By 4 Comments
What can the sales history of the subject property tell us? In a recent post about red flags that agents should be aware of in an appraisal I noted that big increases in asking and/or contract price for a home within a short period of time can create a red flag to appraisers and lenders. Appraisers are […]
6 Appraisal blog posts that will make you a better real estate agent
August 17, 2016 By 10 Comments
These 6 blog posts by appraisers can make you a better real estate agent This week I want to share with you some helpful blog posts from my fellow appraisers that will make you a better real estate agent. I think these posts will help you become a more knowledgeable and effective agent because it will […]
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