Comparables: The Building Blocks Of An Appraisal Appraisers throw around the word “comparable” all the time but how often have you had one sit down with you and explain to you what a true comparable is? Comparables are more than just sales as I pointed out in a past blog post, they are the building […]
5 Items An Appraiser Looks For In An MLS Listing
September 22, 2014 By 8 Comments
Appraisers are the Sherlock Holmes of real estate Much of what a real estate appraiser does is akin to a detective’s work. We dig through data to uncover the mystery of value. A major source of this date is the local multiple listing service (MLS), and whether real estate agents know it they hold the […]
A new guest blogging opportunity with McKissock
August 26, 2014 By 2 Comments
I’ve been blogging about real estate appraisal for approximately 4 years now and I have come to enjoy it quite a bit. It has given me a chance to write about something I enjoy and to help others understand what appraisers do and why they do it. I was recently given the opportunity to guest […]
How to find the flood zone status of your property
August 21, 2014 By 10 Comments
FEMA Flood Maps Updated The Federal Emergency Management Agency (FEMA) recently made changes to their flood maps resulting in some properties being removed from flood hazard status and others being added. This updated information is important to know because it can result in additional costs for flood insurance if you have a mortgage on your […]
What is a “Head and Shoulders” inspection?
August 14, 2014 By 12 Comments
When doing an FHA appraisal inspection the appraiser is required to make a “Head and Shoulders” Inspection. I received a question this week about a topic that I think most homeowners and many real estate agents are not aware of regarding FHA appraisal inspections. Appraisers are required to report on what they see in the attic […]
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