As an appraiser I estimate value. My estimate is based on several different methods, however the approach that is usually given the most emphasis is the market approach. This approach, which is also known as the sales comparison approach, utilizes recent sales of similar homes within the subject property’s market area. In today’s economic climate […]
FHA Tip: Turn The Water On To Save Your Borrower Money
March 14, 2010 By 4 Comments
I recently did an FHA appraisal on a property. The home was relativily new so there were not major issues with peeling paint, inadequate electrical service, or other typical concerns. The only issue was the fact that the water had not been turned on. The property was a foreclosure so this is not untypical, however […]
There Is No “Rule Of Thumb” in Real Estate Appraisal
February 15, 2010 By 2 Comments
I often get asked by homeowners how much their home should bring per square foot. This is not an easy question in today’s market. It’s impossible, with any accuracy, to throw out a figure because there are a lot of things that go into how much a home is worth. These include the size of […]
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