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 […]
Drive-by appraisal vs Interior appraisal, which is best?
May 19, 2015 By 12 Comments
Drive-by appraisal vs Interior appraisal, which is best? Everybody likes to save money, right? If you are getting a loan to borrow against the equity in your home, and you want the most cash possible, then a drive by appraisal may not be the answer. Getting a drive-by appraisal may be less expensive than a […]
A helpful new feature for my blog
May 1, 2015 By 4 Comments
A helpful new feature for my blog I’ve decided to add a helpful new feature to my blog to make it easier for those wanting to ask appraisal related questions that I can answer on my blog. Up until now questions have typically been submitted by email, but I wanted to make it easier and quicker […]
Four areas the appraiser will not include in your homes square footage
April 7, 2015 By 174 Comments
Four areas the appraiser will not include in your homes square footage With everything else being the same a home with more square footage will always sell for more. That makes sense right? When we talk about square footage, keep in mind that we’re talking about heated and cooled living area, commonly known as gross […]
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