You may ask “what is the difference?” A sale is a comparable (comp), right? Wrong! A comp is a sale, but a sale is not always a comp. Does this sound confusing? If so, stay with me and I will try to explain the difference between the two. I hope I can give you better […]
What is bracketing and why should Realtors do it?
September 10, 2012 By 23 Comments
I spoke recently at a local Realtor group about how Realtors could “think like an appraiser”. By being on the same page as the appraiser I believe that there will be fewer value issues on the back end of the sales transaction. By following similar methods as appraisers to arrive at their list prices, Realtors […]
What is the FHA rule for crawlspaces?
July 17, 2012 By 4 Comments
FHA loans continue to make up a large part of the finance market for homes that are currently being purchased. I get a lot of questions about FHA rules because they are more strict than conventional loans when it comes to the condition of the home. A Realtor friend asked me recently what the current […]
How getting your house properly measured could put more money in your pocket
June 8, 2012 By 2 Comments
You may wonder how you could put more money in your pocket just by getting your home measured. Well, I’m going to explain to you two ways that this could happen. The first situation occurs when you put your home on the market for sale. One of the key areas of comparison an appraiser uses […]
Photos from the field- FHA repair item or not?
February 27, 2012 By 3 Comments
On one of my inspections recently I came across this empty pool. The house I was appraising was not using FHA financing, however because FHA typically has more stringent requirements about the condition of a property I thought I might share the picture with you and ask a couple of questions: Do you think this […]
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