It is important to know what criteria is considered when deciding what areas in a house are included in the total gross living area (GLA). I explained to a real estate agent recently what to look for in a sunroom to determine if you can include it.
Ask The Appraiser
March 27, 2014 By Leave a Comment
Today I’m going to answer a couple of questions I got this week on my Facebook page. I enjoy receiving questions from real estate agents, mortgage professionals, home owners, and anyone else curious about how the appraisal process works. If you have a question you would like included in the “Ask The Appraiser” section of […]
Can the cost approach be used over the sales comparison approach since it’s higher?
March 20, 2014 By 26 Comments
This was a question I got asked today from a frustrated seller. She had called me to get my opinion of an appraisal that was done on her home that had appraised lower than the contract amount. I would like to share with you my answer to her as well as my thoughts on the […]
5 common errors to look for in your appraisal report if it comes in low
March 17, 2014 By 16 Comments
Appraisal Come In Low? A popular topic among users of appraisal services these days is low appraisals. As you know the real estate market has been depressed over the last several years and a result of this is that appraisals for refinancing and home purchase’s have come in low. While foreclosures and the overall downturn […]
Appraisers, are you completing your FHA reports correctly?
February 26, 2014 By 4 Comments
FHA appraisals need to be completed subject to a termite inspection. This article explains the FHA/HUD requirements and how they have been misunderstood.
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