A closer look at the FHA rule for swimming pools I had a discussion this week with a local Birmingham, AL real estate agent about the FHA rule for swimming pools because the house he was selling had a pool and they were not sure how FHA would look at the fact that there was not a […]
5 Things real estate appraisers are NOT
January 26, 2016 By 11 Comments
A look at what real estate appraisers are not Real estate appraisers are not the only professionals involved in house sales transactions. When speaking to buyers and sellers they often get confused about exactly real estate appraisers do. There are various real estate related jobs that people get confused with appraisers so today I’m going […]
How long is my appraisal good for?
January 21, 2016 By 6 Comments
Appraiser question of the day: How long is my appraisal good for? One question I was asked recently, and which I hear often is “How long is my appraisal good for? What the person really wants to know is how old does the appraisal have to be before a lender will not accept it or for […]
Should I show buyers my prelisting appraisal?
January 12, 2016 By 13 Comments
Do buyers need to see my prelisting appraisal? I was doing a prelisting appraisal for a client this week and she asked me an interesting question I want to share with you. She wanted to know if she should show the report to buyers looking at her house or if she should keep it private. […]
Is it time to get an appraisal for PMI removal?
December 10, 2015 By 6 Comments
What is PMI? PMI is an acronym for Private Mortgage Insurance. If you’re buying a home and pay less than a 20% down payment you will be required to pay PMI each month. It is an insurance that is paid to your lender in case you default on your mortgage loan. PMI removal requires certain […]
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