If you’re selling your home or refinancing your mortgage, taking advantage of these historically low-interest rates, chances are you’re looking to make the most of your upcoming appraisal. And by that I mean, you’d like your home to appraise for as much as possible. Am I right? Well, one of the ways you can make [...]
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Helping homeowners navigate the appraisal process, Ryan Bays, SRA, AI-RRS
We will soon have an entire section on the blog devoted to FHA appraisal issues. Since a lot of questions surround FHA guidelines and the appraisal process, we will discuss topics like safety hazards, septic tank and well distance requirements, deferred maintenance, crawl space/attic guidelines, swimming pools, structural deficiencies and more. We’re going to start [...]
Many times when I go into a home to do an appraisal, the homeowner asks me, “How do you find your comps?” Usually, what they’re really asking is: “You’re not going to compare my house with that house down the street which just sold in foreclosure, are you?” The answer, like with so many other [...]