All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is […]
How Agents Can Adjust For Square Footage
January 25, 2023 By 7 Comments
Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “Price per square foot is not the holy grail of property value” where I explained that price per square foot should not be the only metric given consideration when pricing a home. I thought it was important to discuss […]
Pricing a Home In A Softening Market
August 16, 2022 By 5 Comments
Tips For Pricing a Home In A Shifting Market Feds Increase Rate On July 27 the Federal Reserve increased the federal funds rate yet again by .75%, in an attempt to fight inflation. While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and […]
Agents, Are You Pricing For Today’s Market or Yesterday’s?
June 1, 2022 By 6 Comments
In Real Estate It’s All About What’s Happening Now It’s easy to be so pumped about what’s been happening that we miss out on what is currently going on. This can happen in the real estate market as well. As an appraiser, we must stay on top of what is going on in the market […]
Why Agents Should Identify FHA Issues Before The Appraisal
February 17, 2022 By 9 Comments
Ignoring FHA Issues Before the Appraisal Can Cost Time and Money We’re a microwave society. We want things done fast so we can move on to the next thing on our to-do list. The home buying process is no different. I’ve read that the goal in the mortgage business is to make it as quick […]
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