Understanding the Home Appraisal Process



There are three types of home valuations: the Appraised Value, the Assessed Value, and the Market Value. Rarely are these three values the same. So it’s easy to confuse them when considering selling a home, obtaining a mortgage, refinancing, or contemplating the ongoing costs of ownership (such as taxes and insurance). Because of these differences, […]

FDIC’s New Mortgage Appraisal Rule Ignores Lessons of Great Recession



After a vote today by the Federal Deposit Insurance Commission (FDIC) Board of Directors, banks making home mortgages will no longer need to obtain an appraisal for mortgages under $400,000. With the increased threshold approved by the FDIC today, a total of 72% of home mortgage transactions will be exempt from the Dodd-Frank Act’s rules […]

Refinance Appraisals, What You Need to Know



If you have lived in your home for a while, refinancing your mortgage might be a great idea. Refinancing can help you to lower your monthly payment while possibly getting a lower interest rate. The advertisements for refinancing seem to be everywhere and of course, they make the process of refinancing your mortgage seem easy. […]

What determines the value of a home?



While both the house and location will factor into the value of a property, in the end, it is an appraiser that actually drives or rather determines a property’s actual value. Say what? to put it simply: Appraisals determine property values Property values are important to buyers Property values are important to sellers Lenders want […]

Ask Brian Real Estate: Which is better Zillow or Fair Market Analysis?



Brian, we are looking to sell our home in Oklahoma City and move to Kansas in the spring of 2019 to be closer to our parents, I was researching our home value on Zillow and it appraises for 210k which seems to be quite a bit. We are looking at hiring an appraiser to get a more accurate sell value

Freddie Mac expands appraisal waiver to condo buyers



Condo buyers and refinancers could be eligible for a new program that allows them to bypass a traditional in-person appraisal with a faster automated process, Freddie Mac said last week.

New rule exempts low-cost commercial property from appraisals



Almost one-third of commercial property sales will become exempt from the need for an appraisal following changes to federal rules.

Appraisal Foundation seeks to address labor shortage



The Appraisal Foundation’s Appraiser Qualifications Board is to ease the requirements for individuals to become an appraiser in order to combat labor shortages.

Why is it Important to Have Your Property Appraised?



The strange experience of having your home professionally appraised can be jarring to some people, but it is of incredible importance when you are considering placing your home on the market

A Current Home Appraisal May Surprise You



In the vocabulary of real estate, there are three terms that indicate a home’s valuation: the Appraised Value, the Assessed Value, and the Market Value. Rarely are these three values the same.