In The News: The Property Inspection Waiver Just in case you haven’t been in the market for a home mortgage recently there’s something new these days that you should be aware of. The current buzzwords recently have been Property Inspection Waiver or PIW. A Property Inspection Waiver consists of the option to forgo a traditional […]
9 Unintended consequences from no appraisal mortgages
August 31, 2017 By 37 Comments
Are no appraisal mortgages a wolf in sheep’s clothing? I’ve seen a lot of celebration recently from various players in the home purchase and mortgage game regarding the decision by Freddie Mac to skip getting a traditional appraisal. While it may sound good up front because they promise to reduce the cost to the buyer […]
4 Appraisal ethics rules Zillow may be breaking when they give your zestimate
June 14, 2017 By 14 Comments
Do appraisal guidelines matter? In case you haven’t heard, real estate website giant Zillow is part of a current lawsuit that was filed by Chicago real estate attorney Barbara Anderson. The lawsuit was instigated because Ms. Anderson claims that the Zestimate provided by Zillow does not reflect the true market value of her home and […]
Is it the appraiser’s job to support value?
May 24, 2017 By 8 Comments
Is it the appraiser’s job to support value or report value? In Jonathan Miller’s Housing Notes blog post this past week he mentioned an article from the online version of the Denver post that is disheartening to appraisers. In the article, Denver real estate agent Steve Danyliw was quoted saying the following: “Agents are experiencing […]
An appraiser’s take on the fixer upper craze
May 11, 2017 By 11 Comments
Fixer upper appraisal considerations The fixer upper home is all the rage these days. With the popularity of the HGTV show “Fixer Upper” starring Chip and Joanna Gaines, it seems everyone wants to get in on the action. This show seems to be popular because of the endless possibilities you have to take the worst […]
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