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Real Estate, US Real Estate

Appraiser and Homeowner Valuation Gap Narrows

By Mike Wheatley | December 12, 2014
The discrepancy between appraisers' and home owners' opinions of home values is narrowing. In November, appraisers valued homes 1.56 percent higher than home owners, according to Quicken Loans' Home Price Perception Index.
Mortgage, US Real Estate

Fannie Mae Creates Blacklist for 'Questionable' Appraisers

By Mike Wheatley | January 30, 2014
Fannie Mae is at last taking action against appraisers deemed to have 'questionable practices', and has apparently created a blacklist of those who mortgage lenders and banks should be wary of doing business with.
Featured News, Real Estate, US Real Estate

Skip the Prelisting Appraisal; Hire the Appraiser as a Consultant

By Hank Miller | July 15, 2013
Should a home seller get a pre-listing appraisal? Only if its usefulness is kept in context, otherwise, it’s likely to be a waste of money. As both an active certified appraiser and associate broker I always try to find why the question was asked before answering it. Many times, having an appraiser as a “consultant” is far better than having them complete just an appraisal.
Featured News, US Real Estate

Title Problems That Can Kill Your Real Estate Closing

By Daniel Doran | August 29, 2012
There is a poster I keep in my office entitled “The real estate closing”, and it's made up of three panels.  The first panel has all of the participants in the closing sitting straight up in an orderly fashion in a rowboat with oars ready to get started.  The appraiser, the lender, the real estate […]
Real Estate, US Real Estate

Appraisers Hit Back at Critics

By Mike Wheatley | January 20, 2012
“Don’t shoot the messenger” reads a new message from the Appraisal Institute, which has asked those involved in real estate deals not to blame appraisers when a contract falls through based on a property’s values.
Commercial Real Estate, US Real Estate

Why So Many Low Appraisals?

By Mike Wheatley | March 29, 2011
More than 10% of realtors in the U.S. have said they’ve had sales called off because the appraisal was lower than the buyer’s agreed prices, claims a National Association of Realtors survey in January.
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