School is in session. In this blog post - which is part one of a three-part series called ‘Appraisal 101’ - we will be answering two very important and fundamental questions: What is a real estate appraisal?; and what is a real estate appraiser? Question 1: What is a real estate appraisal? If you Google ‘what is [...]
Appraisers have many tools in our tool belt to help homeowners, just like you. Rarely do we ever just supply an opinion of value (appraisal) and leave it at that. Sure, that's what we do best, and what we are trained to do. But in addition to forming an opinion of the value of your [...]
It's Thanksgiving. We've all read and even written on the subject; how thankful we are for the loved ones and blessings in our lives. Like many, I am blessed beyond words with a wonderful family, home, and career. However, this post focuses on the latter - my career as a real estate appraiser. So here [...]
After the appraisal has been turned in, it usually goes through a review process by either an appraisal reviewer, or loan underwriter. Every financial institution has different standards by which they review the appraisal. The financing also comes into consideration when checking the appraisal for accuracy, making sure it meets all necessary guidelines. However, it [...]
We recently completed an appraisal on a home in the Lake Forest Subdivision on the east side of Owensboro. Some of the numbers we found were surprising, so we thought we'd share them here with you. Over the last five years, for the entire subdivision, market values are down slightly (2.6%) ; total number of [...]
The appraisal has been ordered. Things are moving forward. You can see the closing table in the distance! Your Realtor calls and tells you that the appraisal came back just fine. Good news! Not so fast, though. There are repairs, and you're going to have to fix them. Here's a list of a few things [...]
When it comes to the valuation of real property, an appraiser can do the job poorly, or well. He or she can have two years' experience, or 25. The latest and greatest technological advancements can be used, or the appraisal can be completed using good old-fashioned paper and pen. Appraisers come in all shapes and [...]
Let me start off by saying a big THANK YOU to everyone who has trusted Riverfront Appraisals with their appraisal needs, over the past 10 years! What a wonderful 10 years we've had! In 2008, I moved to Owensboro and got every door shut in my face. I was told Owensboro didn't need any more [...]
Spring Real Estate season is upon us! Are you selling a manufactured home? Maybe helping someone who is? That's easier said than done! Whether you're a seller, Realtor, or Loan Officer, you need to be prepared when dealing with manufactured homes. Here's a list of five things to remember when you have a manufactured home. [...]
We often get asked to measure homes for Realtors. We love doing this! Especially when it makes a HUGE difference in what square footage can be advertised. This week, we had the privilege of helping Joy Colburn-Raymond, Realtor with one of her new listings. She was correct in questioning the PVA square footage. Because the [...]
