I’ve written about this in the past but thought I would mention it again because I have received a couple of calls within the past month from loan officers not happy with the appraisals they have received. In both situations, out of town appraisers were used.
What Red Flags Can Kill A Birmingham, AL Area FHA Appraisal?
October 18, 2011 By 2 Comments
Have you ever wondered if a house would pass an FHA appraisal inspection? FHA does have more stringent appraisal guidelines than conventional loans but if you know what to look for then you can be ready before any problems come up. I have included some of the top problems I have seen in my 20+ […]
Ask The Appraiser: Can Pending Sales Be Used In An Appraisal?
July 14, 2011 By 12 Comments
I was asked a great question yesterday that I thought I would share with you. Can pending sales be used in an appraisal? The short answer is “yes”. Appraisers have three options for comparables. They include closed sales, active listings, and pending sales. The appraiser must use a minimum of 3 closed sales in the […]
FHA Repair Item…or Not?
July 5, 2011 By 4 Comments
I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the […]
Getting Inside The Head of a Real Estate Appraiser: Tips To Make Your Appraisal Inspection Go Smoother
June 22, 2011 By 7 Comments
Have you ever needed to get an appraisal on your home and worried about what the appraiser looks at and considers important and what he doesn’t care about? It’s o.k. if you have felt this way, it’s a valid concern. Sometimes I feel that the appraisal profession is cloaked in a veil of secrecy and […]
Let’s Connect