5 Mistakes homeowners make in pricing their homes Appraisers measure market value, and market value is defined as the following: Market value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and […]
Can my house be appraised in the middle of a renovation project?
June 23, 2015 By 66 Comments
Can my house be appraised in the middle of a renovation project? During one of my recent assignments I was speaking with the homeowner to set up the appointment. Whenever I do this I like to ask questions about their house including whether it has had any recent updates or renovations. It turned out that […]
What is the FHA rule for electrical outlets?
June 16, 2015 By 33 Comments
What is the FHA rule for electrical outlets? FHA appraisals vary from conventional appraisals on various things related to the safety, soundness and security of the house. Some of the items that appraisers look at to determine whether they function or not can be easily inspected by the seller or real estate agent prior to […]
Are vapor barriers still required in FHA appraisals?
June 2, 2015 By 14 Comments
Are vapor barriers still required in FHA appraisals? I received a message this week from a reader who is selling their home with possible FHA financing. The real estate agent mentioned to the seller that they would probably need a vapor barrier installed underneath the house, but they weren’t sure. Let’s take a look at […]
5 Things the agent can share with the appraiser to help with the appraisal
May 26, 2015 By 12 Comments
5 Things the agent can share with the appraiser to help with the appraisal Often times during the appraisal process the real estate agent feels helpless with regard to how the appraisal will turn out. There are things however that they can do to help the appraiser provide the most complete and accurate appraisal and […]
Let’s Connect