When the results for your appraisal come back “as is” with plenty of value.
People buying or refinancing a home with an FHA loan can save themselves time and possibly money by completing the checklist below prior to ordering an appraisal. It was created based off the Property Acceptability Criteria for FHA mortgage insurance that is found in the FHA Single Family Housing Policy Handbook. Continue reading FHA Appraisals, Pre-Ordering Checklist
Whether you’re selling your home to someone using a mortgage to buy it or thinking about refinancing your current mortgage, one thing many lenders will require is a property appraisal. While the actual inspection make take only an hour or two, the appraiser must go back to the office, do the research and write a hefty report.
Here are five tips to help the appraiser with additional information — and in most instances, a faster turnaround time to complete the report. Continue reading 5 Tips for Preparing Your Home for A Property Appraisal
A common error when calculating the value of a home is to take the price per square foot of a comparable home sale and multiply it by the square feet of your home. This is a flawed method that will leave you, your buyers and your listings with an overpriced assumption. Continue reading How Do Homes Get Appraised?