Tag Archive for: appraisal guidelines

What is “Gross Living Area” For A Home (Not Finished Basements)

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When I was a kid growing up in Southwest Minnesota, everyone had basements. Basements initially served as “root cellars” to store potatoes and carrots all winter (which we actually did) […]Read More

6 Things That Terrify Appraisers

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Here are a few things that really scare appraisers. 1. Unusual Properties. Unusual properties include those with acreages, odd structures (e.g. a round house), multiple dwellings on one lot, adverse […]Read More

Why & When Appraisals Do NOT Equal Market Value

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BEATING THE APPRAISAL DEAD HORSE I beat this dead horse more than any other simply because the issue surfaces so often. This week was no exception when a buyer of […]Read More

Appraisal Condition/Health & Safety Issues to Watch For!

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Realtors are often frustrated about “condition” and “health & safety” issues that get called out by appraisers, and they come to us for guidance. They obviously want to avoid getting […]Read More

Why Appraisals Do NOT Reflect Market Values In Hot Markets

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Appraised Values often do not reflect market values. We address this often b/c there is so much confusion about this in the overheated California housing markets. The reason is that […]Read More

Loans Are About Rules/Regulations & Not About “Making Sense”/Logic

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We have a very strong borrower whose loan is held up right now b/c the appraiser is unable to find rental data (for a rent survey) that is necessary for […]Read More