If you’re getting an FHA loan and want to make sure the appraisal goes off without a hitch make sure you pay attention to these 5 items. If you don’t then it could delay the loan and your closing. The appraiser has to make note of the items listed below, and if he/she cannot then […]
When is a bedroom NOT a bedroom?
May 18, 2012 By 6 Comments
A homeowner asked me a good question the other day about the appraisal I had done on her home. They had been using one of the rooms in the house as a bedroom for their child, but in the appraisal I was not able to count it as a bedroom. She asked me why. My […]
Hey, why didn’t the appraiser include my basement in this appraisal?
April 9, 2012 By 47 Comments
I got a phone call out of the blue last week from a person who had recently had their home appraised for a refinance loan. The bank had given him a copy of the home appraisal, and after looking at it wondered why the appraiser had not included his fully finished basement. He wanted to […]
What’s the value of a pool in my neighborhood?
April 4, 2012 By 4 Comments
This is a question you may have asked yourself at some point. Have you ever dreamed of having one built but don’t know it’s value in your area? Every neighborhood is different, and some areas will give you a bigger return on your investment than others. Swimming pools are always used by appraisers as examples […]
FHA rules for termite inspections
March 5, 2012 By 6 Comments
If you have ever bought or sold real estate with FHA financing you know that HUD/FHA loans are a little different than conventional loans. In an effort to keep everyone updated I thought I would share some information HUD/FHA provided recently. FHA does not automatically require inspections to be made on all loans, however several […]
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