FHA appraisals need to be completed subject to a termite inspection. This article explains the FHA/HUD requirements and how they have been misunderstood.
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 free apps and how I use them in my real estate appraisal business
October 8, 2013 By 6 Comments
Running an appraisal business can be fun and rewarding. If you own any kind of business you understand the need to control expenses and that task is getting easier and easier these days due to all of the free apps that are available. I wanted to share with you today 5 free apps that I […]
What items are NOT included in an appraisal?
August 6, 2013 By Leave a Comment
So have you ever had an appraisal made on your home and you thought the appraiser may have left something out? Was it some feature of your home that you found great value in and you could not understand why it was not included? If the appraiser did leave something out there may be a […]
Appraisal vs CMA vs BPO – What’s the difference?
July 1, 2013 By 13 Comments
Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]
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