This week we got a phone call from a homeowner. Several days ago, we completed an appraisal on their property, and they called, wanting a copy of the appraisal. We had to be the bearer of bad news, and let them know that we actually could not give the homeowner a copy of the appraisal. [...]
Frustrated that the appraiser can't give you the results of your appraisal? This quick video explains why. Helping homeowners navigate the appraisal process, Ryan Bays, SRA, AI-RRS
This week, we appraised a home in Lake Forest. And, with every appraisal we do, we ran stats and market conditions to see what the market is currently doing, as well as what it has been doing over the past several years. We saw some interesting trends coming out of Lake Forest and wanted to [...]
Are you planning on selling or buying a home built before 1978? If so, you need to be aware of the possibility of lead-based paint. Since lead poisoning is a serious health concern, checking for the possibility of peeling or chipping paint is a must for any appraiser completing an appraisal for FHA, VA, or [...]
It’s time once again for the Year-In-Review post. This is a look back at the previous year’s real estate sales in Daviess County, Kentucky. And what a year it was! The Owensboro, Daviess County area of western Kentucky continues to be a very strong real estate market. In this post we’ll look not only [...]
So this week my 14-year old twins got to tag along with dad on an appraisal. How fun?! Do you ever get to take your kids with you to work? I hope so. It’s such a fun experience! Anyway, the appraisal we did wasn’t just an ordinary appraisal. It was a drive-by. No not that [...]
School is in session. In this blog post - which is the final installment of our three-part series called ‘Appraisal 101’, we will be identifying the many reasons why you may need an appraisal. In case you missed part one or two, click here for part one and here for part two to learn [...]
School is in session. In this blog post - which is part two of a three-part series called ‘Appraisal 101’, we will be exploring the concept of market value. In case you missed part one, click here to learn the basics of the terms appraisal and appraiser. Appraisers deal with multiple types of value, but in [...]
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 [...]
