Appraisers are the Sherlock Holmes of real estate Much of what a real estate appraiser does is akin to a detective’s work. We dig through data to uncover the mystery of value. A major source of this date is the local multiple listing service (MLS), and whether real estate agents know it they hold the […]
What is an estate appraisal?
September 9, 2014 By 2 Comments
Understanding the Estate Appraisal An estate appraisal is typically performed to determine the market value of real estate after the owner has died. A market value appraisal is required so that the estate can be divided among the heirs, if that was the desire of the owner and it was in their will. In addition, […]
How to find the flood zone status of your property
August 21, 2014 By 10 Comments
FEMA Flood Maps Updated The Federal Emergency Management Agency (FEMA) recently made changes to their flood maps resulting in some properties being removed from flood hazard status and others being added. This updated information is important to know because it can result in additional costs for flood insurance if you have a mortgage on your […]
What is a “Head and Shoulders” inspection?
August 14, 2014 By 12 Comments
When doing an FHA appraisal inspection the appraiser is required to make a “Head and Shoulders” Inspection. I received a question this week about a topic that I think most homeowners and many real estate agents are not aware of regarding FHA appraisal inspections. Appraisers are required to report on what they see in the attic […]
Do smaller homes bring down the value of larger homes in a neighborhood?
August 1, 2014 By 4 Comments
If you’ve ever wondered if smaller homes bring down the value of larger homes in a neighborhood then you’ve come to the right place. I was asked this question recently and found there to be a misunderstanding of this situation. Every area and situation is different, but for the most part smaller homes in a […]
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