I wanted to share a photo with you that I took recently of a home I was appraising. It was for an FHA appraisal of an older house built prior to 1978. You may wonder why the year 1978 is so important, so I will tell you. It was in 1978 that lead paint was […]
Hey, why didn’t the appraiser include my basement in this appraisal?
April 9, 2012 By 47 Comments
I got a phone call out of the blue last week from a person who had recently had their home appraised for a refinance loan. The bank had given him a copy of the home appraisal, and after looking at it wondered why the appraiser had not included his fully finished basement. He wanted to […]
I’m participating in a Birmingham, AL home selling seminar this month
April 6, 2012 By 2 Comments
I just wanted to share with you that I have been asked to participate in a home selling seminar this month in the Birmingham, AL area. Terry Crutchfield with RE/Max Advantage is putting it on and has asked me to talk about recent market trends in the Birmingham, AL area and the latest in appraisal […]
What’s the value of a pool in my neighborhood?
April 4, 2012 By 4 Comments
This is a question you may have asked yourself at some point. Have you ever dreamed of having one built but don’t know it’s value in your area? Every neighborhood is different, and some areas will give you a bigger return on your investment than others. Swimming pools are always used by appraisers as examples […]
FHA rules for termite inspections
March 5, 2012 By 6 Comments
If you have ever bought or sold real estate with FHA financing you know that HUD/FHA loans are a little different than conventional loans. In an effort to keep everyone updated I thought I would share some information HUD/FHA provided recently. FHA does not automatically require inspections to be made on all loans, however several […]
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