I looked at some appraisals I recently completed and found that 7 out of 10 homes were over assessed. Property taxes are based on the market value of your home and the market value of your home is determined by looking at what other homes have sold for in your area. If your home has […]
Top 5 Condition Items A Buyer Should Be Aware Of
May 8, 2011 By 7 Comments
I had an opportunity recently to speak with Jim Waddell of AB Home Inspections. Jim is a home inspector in the Birmingham, AL area. He provides home inspections for various reasons but the one I talked to him about was the services provided to home buyers. Jim does a lot of work with new home […]
What You Will and Will Not Get When You Order An Appraisal From Tom Horn
April 26, 2011 By 4 Comments
I had a discussion with a customer this week that called me for an appraisal, that really surprised me. This was a homeowner who wanted to sell their home, and needed an appraisal to set an asking price. They had called several other appraisers and had to leave a message on an answering machine. The […]
FHA Appraisal Inspections Revisited- Crawlspace and Peeling Paint Under The Spotlight
April 22, 2011 By 6 Comments
FHA inspections encompass various items that must be inspected to qualify a home for financing by HUD (Housing and Urban Development). Two common items I wanted to discuss today are the crawlspace and peeling paint. For those homes with a crawlspace the home must be inspected for the presence of water that may be collecting […]
Can A Pre-Listing Appraisal Be Used By The Buyer’s Lender?
March 31, 2011 By 3 Comments
I’ve done several pre-listing appraisals recently and I got a question the other day that I wanted to share with you. The homeowner wanted to know if a pre-listing appraisal could be used by the buyer’s lender to get their mortgage. The short answer to this is “no”, however this was not always the case. […]
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