On January 18th a new law went into effect that could potentially prolong loan closing dates because it will require lenders to provide a copy of the appraisal or other valuation tool used to make a loan decision to their customer as soon as it is completed or 3 days prior to the closing, whichever […]
A new law homebuyers and agents should be aware of: It could prolong your closing
January 23, 2014 By 4 Comments
Clearing the air- A look at exactly what real estate agents and appraisers can talk about
December 6, 2013 By 4 Comments
It seems there is still some confusion about what real estate agents and real estate appraisers can talk about. Many believe that there can be no discussion between the two and others still have no idea that it is unethical to suggest to an appraiser that a home should appraise for a certain amount. The […]
What qualifies as “finished” basement area?
November 15, 2013 By 24 Comments
I was asked a question this week about what qualifies as “finished” basement area in a home. An agent was going to list a home and the basement area had some partitioned sheetrock walls in the basement. The homeowner wanted to count this as finished area, so the agent wanted to get clarification on how […]
5 questions a Realtor should ask the appraiser before setting up the appraisal inspection
November 12, 2013 By 6 Comments
Over the past several years appraisers and real estate agents have had a confusing relationship. When I say this I am mainly talking about an agents understanding of exactly what they can and cannot talk to an appraiser about. I thought I would approach this topic from a qualifications point of view and look at […]
5 questions you must ask yourself before getting an appraisal
October 25, 2013 By Leave a Comment
I had a reader email me a question last week asking why they should get an appraisal on their home, and I want to share with you the answer I gave them with the hope that it can help you make a similar decision. This person asked me “Why do I need to get an […]
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