I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the […]
Thoughts On Value And A Homes Self Esteem: Is Labeling A Home As An “Estate Sale” The Kiss Of Death?
June 27, 2011 By 6 Comments
Some readers may not see the correlation I did with houses and people but let me try to explain myself. If you have a troubled child (or maybe not even troubled) and you treat the child as though they are a hassle, getting on to them all the time, and not spending time with them, […]
5 Reasons Why A Realtor Should Order An Appraisal Before Listing A House
June 15, 2011 By 2 Comments
Realtors are experts at selling houses. They are versed in what buyers want in a home. They keep up with the latest in architectural styles, neighborhood trends and financing options. Ideally all of this knowledge is maximized on every listing, but realistically that may not always be the case. There may be times when one […]
The Media Is Now Confirming What Appraisers Have Been Reporting All Along
June 1, 2011 By 6 Comments
When I first got into the appraisal profession the guy I learned from would always say: “Appraisers don’t make value, they report it”. This is more true today than ever before. Appraisers have been getting a lot of bad press, especially recently, because we are being accused of killing deals. In my opinion, which I […]
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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