How To Avoid Appraisal Problems Before They Become Problems I have heard numerous stories recently about houses not appraising for the contract amount. How could this be if the market is so hot? Today I’m going to discuss possible ways to avoid appraisal problems in today’s crazy market. Please keep in mind these are my […]
Overbidding in a Hot Real Estate Market
January 28, 2021 By 6 Comments
A Hot Real Estate Market Requires a Different Strategy If you’ve tried to buy a home recently you’ll know what I’m talking about when discussing a hot real estate market. Because it is so competitive most buyers are being encouraged by their real estate agents to come prepared to make an offer when looking at […]
7 Characteristics of Good Sales Comparables
October 13, 2020 By 7 Comments
What To Look For In Good Sales Comparables I’ve heard it said that 99% of coming up with an accurate value estimate in an appraisal or pricing a home is getting the right sales comparables. If you don’t do this in the beginning everything else you do amounts to nil. The whole idea of using […]
Appraiser’s Tips For Making A Market Based Offer
October 2, 2020 By 2 Comments
Using Housing Stats To Make A Market Based Offer I recently wrote about escalation clauses and how to avoid appraisal issues. I wrote about this because escalation clauses typically cause the contract price to be pushed up higher than the list price. I’m not saying that when this occurs that the contract price cannot be […]
Agents Should Do These 5 Things For FHA Appraisals
July 16, 2020 By Leave a Comment
Avoid Headaches With These 5 Tips For FHA Appraisals The market is hot and sales activity is increasing. If only we had more listings, right? I’ve noticed recently in this frenzy of activity that those in the real estate industry, including mortgage lenders, agents, and of course appraisers, seem to be burning the candle at […]
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