Are you in the market to buy a home? Now is a great time because home prices are lower than they have been in a long time, and interest rates are good too. I wanted to share some insight from an appraiser (me) that might help you make a better buying decision. By paying attention […]
Birmingham, AL Real Estate Appraiser FAQ: Can a Conventional Appraisal be Converted to an FHA Appraisal?
February 4, 2011 By 5 Comments
I get this question quite a bit, and the short answer is “yes”. There are some conditions for how this is to be done however, depending on the situation. The most typical case would be where the borrower was purchasing a home with a conventional loan but then changed to FHA financing. If the loan […]
What Realtors Can Do When They Disagree With An Appraisal
January 31, 2011 By 12 Comments
I’ve been asked by Realtors numerous times recently about what they can do if they do not agree with an appraisal value. The creation of the HVCC in 2009 made it difficult for the Realtor, loan officer, and appraiser to communicate as freely as they had in the past. This was done primarily to prevent […]
5 Reasons Why Your House Didn’t Appraise For What You Thought it Should
December 6, 2010 By 8 Comments
Have you ever gotten an appraisal back on your home for a refinance (or sale) and found that it did not appraise for what you thought it should? Unfortunately this does occur on occasion. You may chuckle and say this occurs more times than not and you may think the appraiser is just a “deal […]
The Down and Dirty on Foreclosures
November 1, 2010 By 6 Comments
If you keep up with the news you know that foreclosures dominate the headlines. It is an unfortunate thing but something appraisers must consider. People ask me all the time about why I must use foreclosure sales in the appraisals I do. What I tell them is that in many real estate markets foreclosures are […]
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