How new FHA guidelines could cause appraisal costs to increase On September 14, 2015 the Federal Housing Administration (FHA) came out with a new and updated Single Family Housing Policy Handbook, also known as HUD Handbook 4000.1. This new handbook replaces the old 4150.2 handbook that appraisers have been using. The new policies in the […]
3 Differences between an agent and an appraiser to consider when valuing your house for sale
October 8, 2015 By 12 Comments
3 Differences between an agent and an appraiser to consider when valuing your house for sale That title is a mouthful, huh? I chose it in the hopes that it would convey the gist of the message I had in response to a recent article in the Huffington Post about the real estate market, agents, […]
Options for buyers and sellers when the house doesn’t appraise for the contract price
October 1, 2015 By 5 Comments
Options for buyers and sellers when the house doesn’t appraise for the contract price Appraisers are often times accused of “killing” deals due to low appraisals. This could not be further from the truth because this would infer that appraisers can arbitrarily assign values to a property. Appraisers are often asked how much value they gave […]
Why appraisers can’t use custom built homes as comps
September 29, 2015 By 18 Comments
Why appraisers can’t use custom built homes as comps During an appraisal assignment this week I was asked a question that I thought I would share with you today. The appraisal assignment was for a new construction home, and I was looking for comparables to use. I ran across a new home that had recently […]
Real estate agents just don’t get it, and how appraisers can do something about it
September 22, 2015 By 8 Comments
Real estate agents just don’t get it, and how appraisers can do something about it A complaint I often hear among my real estate appraiser friends is that real estate agents just don’t get it. The “it” has to do with understanding appraisers and appraising, including common issues like what makes a sale a comp […]
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