Home Appraiser in Mercer, Burlington, and Middlesex Counties in New Jersey. Hamilton Square appraisal Group has appraised thousands of homes in nj. We Do Appraisals for Bankruptcy, Divorce settlements, Mortgage, Home Equity Loans, Lines of Credit and Estate settlement. We appraise real estate and homes in Princeton, West Windsor, East Windsor, Hamilton, Mercerville, Yardville, Trenton, Ewing, Lawrence, Lawrenceville, Bordentown, Burlington, Florence, New Brunswick, East Brunswick, South Brunswick, and surrounding areas

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http://www.realestateappraisertips.info/ – Real Estate Appraisers: How Do You Report on Shadow Inventory?

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I live in CA. I am refinancing and have had the home appraised. The appraiser used two "distressed proeprty" sales, IE short sales, in coming up with the value for the appraisal. As a result the loan to value ratio is not at 80%, and the interest rate is subsequently higher. It has always been my understanding that distressed property sales are not to be included in the comparables for an appraisal, as they do not reflect the true market value of the home which is being appraised. Is this true, or was the appraiser correct in including the short sales for the comparable value?

You are generally correct…things like foreclosures, short-sales, and other distressed properties are NOT supposed to be used for an appraisal, and too many unknowledgeable people in the industry think that they should be.

However, there is ONE exception to the rule.

If you live in a neighborhood where a substantial number of homes ARE distressed properties, then an appraiser has no choice but to reflect that in the value.

California has been particularly hard-hit with with downgrade in the market due to tons of interest-only loans and declining property values.

On June 4th I signed the paperwork for my home refinancing for the amount of $415000 at 6% fixed interest rate for 15 years.My credit rating is excellent, home appraisal and my income are excellent.I paid $2000 (title,appraisal,doc.fee..)for closing costs with 0% points..Is my rate deal good? IAre the closing costs reasonable? Is there any database on mortgage loan transactions to analyze and compare?

There is no database on closing costs I know of, best thing is to call other mortgage companies and ask how much theirs would be. For PA it looks like you got a good deal, depending on the title insurance and riders.

I am looking into getting an appraisal and would like to what what to consentrate on before the apprasier gets to my house.

There are many types of appraisals. A "full" appraisal, and "Drive By" or exterior-only appraisal, a "Desktop" appraisal and now there are even computer appraisals, or AVM’s. It sounds like you are getting a full appraisal so that’s what I’ll go with. That’s the most complete level of analysis and will yield the most accurate esimate of value.

An appraisal is a delicate process by which an individual estimates the value of a property. In doing so, the first step is to evaluate the property. This means an inspection by the appraiser, inside and outside for the most accurate appraisal. An appraisal inspection is different than a property inspection; the level of detail will depend on the individual appraiser. They know what to look for to complete their analysis. A measurement of the house will be done to verify the square footage. The appraiser will note the floorplan, benefits, amenities, deficiencies, quality and recent updates and improvements to the house and property. The appraiser will also be taking many photos.

The next step in most appraisals is to compare you house to other houses in the market area that have sold recently and are most similar to yours and adjust the sale prices for the various differences. These are usually called "comps". The selection of the comps and adjustments to the sale prices will yield a value estimate of your property.

Keep in mind that an appraisal is just one opinion. If you called 5 appraisers, you’d likely get 4 opinions. The good thing about opinions is that there is no right or wrong answer, only different. You may or may not agree with the appraiser, but that’s not their job to make you happy. Their job is to formulate an opinion of value based on facts, develop opinions with justifiable and reasonable logic, and be able to stand behind their value when the bank makes the loan.

In order to prepare, depending on your timeline, here’s what you should do:
Fix what’s broken
Remove trash and clutter from the house and yards
Clean up everything inside and out
Make the property look like somebody really cares about it
Make a list of what’s new, improved, replaced or special about your property for the appraiser

Subprime, Mortgage, Fraud, Money, Cash, Adjustable, Home, Real Estate, House, Home, Mold, denver

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I recently had my home appraised and was curious as to why a third garage we have was not included in the appraisal. I do know that there is nothing wrong with it for it not to be included. Is the lender just trying to lower the purchase amount?

call the appraiser… it’s his work, his license, call him up.

note to Patrick below.. this guy paid for an appraisal, he has a right to an accurate one. if the 3rd garage added no value or added value, proper adjustments would have been made.

Lundquist Appraisal Company serves local homes owners, banks, government, lawyers, real estate agents and more. We produce high quality appraisals in the Sacramento Area.

We know the local real estate market very well and we take pride in our work. We produce quality appraisals for purchase, refinance, estate settlement, bankruptcy, foreclosure, short sales, pre-listing, loan modification, litigation, FHA, USDA and more.

Feel free to contact us at 916-595-3735 or info@LundquistCompany.com. We have an appraisal blogs at http://www.LundquistCompany.com/blog and http://www.SacramentoAppraisalBlog.com

We look forward to being in touch.

Lundquist Appraisal Company
PH: 916-595-3735
FAX: 916-361-1964
Email: info@LundquistCompany.com
Web: http://www.LundquistCompany.com

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At Sanford Barlow LLP, as part of our commitment to Justice and Integrity, we have filed numerous lawsuits against negligent and unethical appraisers who violated their duty to provide realistic and unbiased appraisals. These appraisers did so without regard to the high standards that govern appraiser practice nation-wide.

If you are a victim of inflated appraisals, as either a lending institution or as a home owner who has been forced into foreclosure, contact us for a free evaluation of your case—and let our experts work for you!

Visit www.SanfordBarlow.com for a Free Case Evaluation.

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Lundquist Appraisal Company Serves 11 Counties In the Greater Sacramento Region (including portions of the Bay Area and Central Valley). We provide residential real estate appraisals and we are FHA approved. See our websites at http://www.lundquistcompany.com and http://www.SacramentoTaxAppeals.com for more information.

Home Appraisals For:
● Tax Dispute ● Estate Planning
● Foreclosure ● Short Sales
● Bankruptcy ● Reverse Mortgage
● Divorce ● Listing Price
● Litigation ● Second Opinion
● FHA ● PMI Removal
● Purchase ● BPOs
● Refinance ● Relocation

Phone: 916-595-3735
Fax: 916-361-1964
Email: info@lundquistcompany.com
Web: http://www.lundquistcompany.com
http://www.SacramentoTaxAppeals.com
http://www.AnatoliaTaxAppeal.com
Blog: http://www.lundquistcompany.com/blog and http://www.SacramentoAppraisalBlog.com

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