Homeowners and real estate appraisers are finally seeing eye-to-eye (almost!) following years of contrasting opinions over the valuation of properties.
Homeowners, appraisers grow further apart
May 14, 2015 by
Appraisers and home owners’ perceptions of home values are growing farther apart, according to Quicken Loans’ latest Home Price Perception Index.
Fannie Mae Creates Blacklist for ‘Questionable’ Appraisers
January 30, 2014 by
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.
Real Estate Agents Aren’t an Inevitable Party in Property Dealings
May 24, 2013 by
Property dealings are not as simple as shopping in the mall for clothes, shoes, or accessories. Just selecting the place of your choice and paying for it is not possible in property matters. Both property buying and selling are difficult deals, and you must be alert enough so that the opposite party doesn’t take undue advantage of your naivety and cause you undue monetary losses.
Is It Wise for Buyers to Waive the Appraisal Contingency?
April 18, 2013 by
Is it wise to waive the appraisal contingency as a buyer? The appraisal topic continues to cause agitation among many in the home buying process, but is the answer to eliminate it? Current markets operating in the present environment: appraisals operate with historic data; a conflict right out of the gate.
Challenging Low Appraisals: Think Like An Appraiser!
February 27, 2013 by
Problems with “low” appraisals continue to be an issue, and even more so in markets where home values appear to be on the rise. A rising market moves faster than the appraisals; consider that appraisers are required to use only closed sales
Heartbreak Hotel Awaits Some Spring Home Sellers
January 24, 2013 by
Over the next few months, many sellers will have their hearts broken. This will be primarily self-inflicted but much of it enabled by collaborating real estate agents. The hurt will come as a result of the positive real estate news splashed across the headlines.
Who Can I Sue? Lawsuits Against Appraisers
August 20, 2012 by
We live in one of the most litigious societies on the planet. Whenever we feel a wrong has been done to us we want to blame someone for it and make them pay. While this has caused a lot of controversy both in the media and the legal field, sometimes a topic comes along that stirs up all of our emotions…
What To Do When Your Appraisal Comes In Too Low
July 5, 2012 by
Most investors will tell you that one of the biggest problems they are facing today is not finding buyers for their properties but getting the banks to appraise them for what the buyers are willing to pay.
