Do you cross your fingers in hopes that the appraisal doesn’t come in low? If you’re a listing agent, and the title of this blog describes the way you prepare for real estate appraisals on your listings, then you’ve come to the right place. Many agents believe that they have no control in the appraisal […]
Let me be your appraisal resource in 2016
January 28, 2016 By 4 Comments
Can I be your appraisal resource in 2016? One of my main goals in writing this blog is to be an appraisal resource for homeowners, real estate agents, attorneys, accountants, and anyone else that uses appraisal services. Knowing the ins and outs of the appraisal process is not something everybody wants or needs to know, […]
A downloadable TRID info. sheet for FSBO sellers and real estate agents to provide to lenders
October 20, 2015 By 4 Comments
A downloadable TRID info. sheet for FSBO sellers and real estate agents For those that are not familiar with TRID I’ll give you a simple explanation. TRID stands for TILA/RESPA Integrated Disclosure Rule and it replaces HUD’s Truth-in-Lending disclosure & Good Faith Estimate. Without going into the details, it seeks to simplify the calculation and disclosure of […]
Options for buyers and sellers when the house doesn’t appraise for the contract price
October 1, 2015 By 5 Comments
Options for buyers and sellers when the house doesn’t appraise for the contract price Appraisers are often times accused of “killing” deals due to low appraisals. This could not be further from the truth because this would infer that appraisers can arbitrarily assign values to a property. Appraisers are often asked how much value they gave […]
Why backup contracts are important in appraising
September 17, 2015 By 4 Comments
Why backup contracts are important in appraising I recently spoke at a local Birmingham, AL real estate office to a group of agents to help them understand appraisals better. One topic that came up was back up contracts. They did not know that this information could, and should, be provided to real estate appraisers. I […]
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