Posts

Appraisal Differences Explained! Conventional vs FHA vs VA

This blog was written by our Appraisal Manager, Jennifer Muzzall. Agents and borrowers alike often find the appraisal process confusing and opaque – it’s why we consistently field questions on what appraisers look for when inspecting a property and how agents can best prepare. Not only can appraisers’ opinions on value make or break a […]Read More

Options When Appraisal Comes in Low

We have a highly skilled & fair appraisal panel, but in today’s hot housing market, sale prices are sometimes above the value an appraiser can fairly attribute to a home. Here are a buyer’s options when an appraisal comes in lower than the purchase price: 1. Renegotiate a price reduction with the seller. This option […]Read More

Young People Need To Buy Real Estate; No Better Time Than Now

We recently prepared for a very successful First Time Home-buyer Seminar (ask us for details) and we were surprised to find all the success stories in our database. The success stories all involved clients of ours who squeezed into properties when they were very young and who now have over $1 million in equity. These […]Read More

Appraisal Horror Story – If Appraisers Only Knew the Damage Caused

Appraisal Came In Low We had an appraisal come in at $559,000 yesterday, a mere $2,000 below the purchase price of $561,000. It was the “2nd appraisal” for a transaction requiring two appraisals. We were confident about value, so we drew loan documents based on the first appraisal. In addition, the borrower had signed and […]Read More