Tag Archive for: appraisal

Low Appraisals – 5 Options When Appraisals Come In Low

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Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive. Below are five of the options available when an appraisal comes in under contract price.Read More

Manufactured Homes – Guidelines, Confusion, Tough Appraisals, Higher Rates

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With truly affordable homes getting harder and harder to find, many buyers (and agents) are looking at manufactured homes as lower-cost alternatives. But, manufactured homes are not as easy to […]Read More

Comparable Sales Appraisers Can’t Use; Appraisal Reviews

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Hot markets foster appraisal issues – every time. This is b/c aggressive buyers in multiple bid situations frequently offer to pay far more for a property than what closed comparable […]Read More

4 Things to Know About VA Home Appraisals

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VA home loans are one of the most common mortgage options among military members in California. The VA loan program offers 100% financing, which means you could buy a home with no down payment. This is a very popular option throughout all of California as we have such a large number of military personal.Read More

When Appraisers Are Right (Which Is Often)

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We have an excellent pool of hand-picked appraisers that I tout often as a competitive edge. I tout them often b/c we used to get burned all the time when […]Read More

Appraisal Relief’s Here, But Limited; Purchase Appraisals Going Well; Interest Rate Updates

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Fannie and Freddie released “Appraisal Relief” guidelines yesterday that consisted primarily of waiving interior inspection requirements. They agreed to accept “exterior inspection” and/or “desktop appraisals” in lieu of full, traditional […]Read More

What Constitutes a “Bedroom?” Ceiling Height? Closet? County Records Wrong!

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My wife Heejin spoke in front of a brokerage recently and an agent approached her afterward to complain about a transaction we closed over three years ago. The agent was […]Read More

Top Five Options For Low Appraisals

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Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers.  We can usually resolve appraisal issues within one business day […]Read More

Internal Appraisal Panel; Why We Left the Broker Channel; Never Pushing Values

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APPRAISER WHO LIVED 100 MILES FROM SUBJECT PROPERTY In October, I shared an appraisal horror story about a huge Appraisal Management Company hiring an appraiser who lived 100 miles away […]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

Curb Appeal for Marketability and “Appraisability”

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BAD LANDSCAPING COSTS SELLERS $200,000 I live near a home that was on the market for nearly three months before it finally ended up selling for over $200,000 less than […]Read More

Why Underwriters Request Inspections; Handyman Before Appraiser

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We recently had an “as is” transaction blow up because the appraiser called out significant wall cracks and dry rot. Appraisers can turn a blind eye to minor deferred maintenance, […]Read More

Importance Of Own Appraisal Panel! Why We Left The Broker Channel

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We used to navigate the broker channel with amazing efficiency b/c we knew every lender’s guidelines and systems so well, and our volume and reputation allowed us to curry many […]Read More

Rent Backs; Gift of Equity; Appraisal Seasoning; 3% Down vs FHA

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Here are a few “Mortgage Minders.” Rent Backs. Most lenders allow sellers to “rent back” the home they just sold for as long as 60 days. If the term exceeds […]Read More