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Mon, 28 Jun 2010 00:00:00 -0400For many home buyers looking to get through their inspections and on their way to closing, the appraisal usually feels like the last step in the process. But more often these days, appraisals are throwing a wrench into the home buying works. Home appraisals may not be the easy and efficient endeavour that most home owners think of them as; home appraisals have always been an important step in the home buying process, but one that seemed pretty straight forward in the past. But, more and more often, mortgage lenders are requiring that home inspections get redone or reviewed.
Mon, 22 Feb 2010 00:00:00 -0500Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the highest and the best use of real property (which basically translates into determining the fair market value of the property). The person who performs this real estate appraisal exercise is called the real estate appraiser or property valuation surveyor.
Mon, 22 Feb 2010 00:00:00 -0500Real estate appraisal or property valuation is the process of determining the value of the property on the basis of the highest and the best use of real property (which basically translates into determining the fair market value of the property). The person who performs this real estate appraisal exercise is called the real estate appraiser or property valuation surveyor. The value as determined by real estate appraisal is the fair market value.
Tue, 19 Jan 2010 00:00:00 -0500Marketing your products and services on the internet is an effective way to promote your business. These days almost every developed and developing country has the knowledge of internet and computer. Everyone knows that internet is the best source of information, no matter what the client is searching for. The client has to just type the right keyword to get the essential and the entire information about the products and the services. If you are capable enough to fulfill their requirements, they will surely turn to you for your products and services.
Wed, 13 May 2009 00:00:00 -0400The HVCC or Home Valuation Code of Conduct was recently implemented by Fannie Mae and Freddie Mac as a new system of appraisals in the U.S. Under the rules, many of the appraisals are handled by management companies (some of which are also owned by the lenders themselves). The system is designed to reduce fraud and lower costs with an improved appraisal.
Mon, 18 Aug 2008 00:00:00 -0400Today, home buyers and sellers are constantly inundated with information from a variety of sources. Finding an answer to a simple question is sometimes very difficult. For example, one question that comes up frequently is how is the value of a home determined? The short answer is that there are several different approaches. One approach is to seek an appraisal.
Wed, 14 May 2008 00:00:00 -0400There are some lenders who intentionally ask appraisers to lower the value because they feel the latter have used bad comps that were not legitimate or even comps that didnt exist. The appraisers then have to redo the appraisal after which the value comes out to be much lower as expected by the lender.
Fri, 02 May 2008 00:00:00 -0400Searching the right apartment for rent is a daunting task. The hassles involved in it can be relieved by the free apartment locator service provider, apartmentreview.net. It makes the moving experience a pleasant, efficient and effective one.
Wed, 30 Apr 2008 00:00:00 -0400In part 1 we talked about the importance of getting an appraisal for the rehabbed home we want to sell. In part 2 we'll discuss whether or not a lease option is right for this property, and how to finish the rehab.
Wed, 30 Apr 2008 00:00:00 -0400Say you have a property that you have almost finished rehabbing. You're thinking about putting it on the market but have questions about aesthetics and market value. How do you go about getting an appraisal?
Tue, 22 Apr 2008 00:00:00 -0400HUD MAP market studies and appraisals are prepared as a part of the underwriting process for financing multi-family housing provided by HUD. Financing provided by HUD (or FHA - Federal Home Administration) is a meaningful portion of the financing for multifamily properties.
Tue, 15 Apr 2008 00:00:00 -0400Appraisal can be defined as a process or method of developing a value option, this valuation is a determined based upon the property's market value which will be likely to be sold in the open market. Firstly one needs to know the ABCs of the appraisal methods and its process.
Mon, 24 Mar 2008 00:00:00 -0400There are many reasons to obtain a real estate appraisal. The most common reason to acquire an appraisal is to settle an estate. Taxing authorities often need real estate appraisals in order to establish the value of a real estate or property when a death occurs.
Fri, 22 Feb 2008 00:00:00 -0500You are ready to make that big purchase, maybe it is your dream home or it could be an investment piece of real estate. Whichever it may be, the purchase of real estate is a complex financial transaction that requires multiple parties to pull it off.
Thu, 21 Feb 2008 00:00:00 -0500Assessing the value of your home can be confusing when there are different approaches to estimating value. Below is a breakdown of assessed and appraised values, and how they can effect your listing price and the current market value of your home.
Mon, 04 Feb 2008 00:00:00 -0500A California real estate appraiser is skilled and capable to offer estimation on worth of a real estate property such as a home or business. A real estate appraiser has a wide understanding of the market and performs a methodical analysis in order to generate a correct appraisal of a property's value.
Sun, 23 Dec 2007 00:00:00 -0500Real estate appraisal is the practice of developing an opinion of the value of real property, usually its Market Value. Real estate appraisal is a service performed by an appraiser that determines valuation (what property is worth) based upon its highest and best use and the use of three basic techniques or approaches to value.
Wed, 28 Nov 2007 00:00:00 -0500Property values are falling, balancing out an inflated market and getting a little more realistic. But this has some sellers worried. While they might not make as much money on a sale now as they would have a year or two ago, it doesn't mean the market is bottoming out.
Mon, 22 Oct 2007 00:00:00 -0400Your home might be worth more than you think. Whether you're happily settled, or getting ready to sell, it never hurts to know how your investment is doing, especially if you've lived in your home for a long time.
Tue, 16 Oct 2007 00:00:00 -0400As Americans watch their real estate markets fail and friends foreclose, many are asking what went wrong? Lately, the spotlight has swung to over-inflated appraisals and inherent pressure on appraisers to "hit the number" when drawing up their reports. This month, California was among the first states to pass a bill making these fat appraisals illegal.
Mon, 18 Jun 2007 00:00:00 -0400Determine how meaningful real estate appraisals are and what guidelines are used to determine home values. Find out how appraisers and lenders have changed the rules of determining home values and how these changes could effect selling your home.
Mon, 04 Jun 2007 00:00:00 -0400Few things are less understood, but more important to a real estate transaction than the official appraisal. The appraiser's valuation lays the foundation for everything that follows.
Mon, 12 Feb 2007 00:00:00 -0500Whether you are selling, buying or renting a piece of property, whatever it may be, stop what you're doing and get a real estate appraisal - it is a crucial step in every real estate transaction!
Fri, 27 Oct 2006 00:00:00 -0400An appraisal of your home by a licensed Appraiser will be a requirement from any lender before a mortgage loan will be approved. If you have had an appraisal done within the last 6 months, many lenders will allow that to be used. If you have no idea how much your house is worth, you can do some preliminary snooping yourself on the internet before you request an appraisal from an appraiser.
Tue, 01 Aug 2006 00:00:00 -0400Getting an appraisal on a home is a fundamental aspect of making a purchase. While appraisals are certainly helpful, you should not put too much stock in them.