Appraisals By Craig is your place for Real Estate Appraiser in Chicopee, MA. We’ll also help you with Divorce Appraisals, Bankruptcy Appraisals, Relocation Appraisals and more. Call 413-377-2301 http://www.elocalprofiles.com/RealEstateAppraiserinChicopee46731.html
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For quality real estate appraisals in Riverside, CA choose Argent Appraisals. We specialize in FHA appraisals and much more. Call us now for more information.
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This is a song about the rules that ALL licensed real estate appraisers MUST follow; they are the Uniform Standards of Professional Appraisal Practice (USPAP).
USPAP can be found at: www.appraisalfoundation.org
Appraisal SubCommittee: www.asc.gov
Association of Appraiser Regulatory Officials: www.aaro.net
Copyright 2009, Maureen Sweeney, All Rights Reserved.
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http://www.denhamspringshomeappraisals.com – Denham Springs Real Estate Appraisers Present Live Oak Landing Video Update.
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CLV Appraisers is a residential and commercial real estate appraiser for Bridgeview, IL, providing quality appraisals for owners, prospective buyers, investors, real estate or mortgage companies.
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http://www.citytowninfo.com/employment/real-estate-appraisers Interested in appraising real estate? Watch this video to learn what a real estate appraisal career is really like. Provides an overview of the day to day working life of a real estate appraiser.
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We had a VA appraiser appraise the house we are buying. One of the comps he used was a forclosure bank sale home which drove the appraisal price down. Can they use a forclosure home as one of the comps. This drove the price down about $18,000 from the agreed upon price and $30,000 difference from there appraisal done in August.
Technically, it can be used but the factors that influenced the purchase price must have been considered by the appraiser. If your story is accurate, the sale may have been below market value and if so, should have been adjusted accordingly. The specific category of adjustment is called "Conditions of Sale". This adjustment category reflects non-market motivations of buyers and/or sellers. Conditions of sale are considered to be at market levels when properties are properly exposed to the market for a reasonable period of time, when the transactions are arm’s-length in nature, and when there are no unusual circumstances or extraordinary motivations.
If the foreclosed property was not properly exposed to the market (short marketing time, bank sold "to get it off their books" rather than at a market price, etc.), then it may have not been a good sale to use or at least should have been adjusted accordingly. If the bank had owned the property for awhile, had been marketing it and still was unable to sell it, then the new price that helped indicate a market value of $18,000 lower could very well have been at market. This should have been discovered by the appraiser through the confirmation process (contact with the listing broker for the bank). A simple call to the appraiser might clear up this fact if it is not included in the comments section of the report. Keep in mind that the appraiser is not legally allowed/required to speak to you regarding the appraisal (their client is the bank) but many residential appraisers may do so in order to smooth things over (be nice when you call).
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Both.
The appraiser tells the bank what the house is worth,
The home inspector tells you what is wrong with the house and needs to be addressed.
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http://realestateappraisertips.info/ – Home Appraiser using SnagIt To Enhance Appraisals
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Possibly problematic: it’s not very easy to guess at a reasonable price — it’s in a tiny and rather unique town, in a unique location; older home, pretty far from a newishly-built thing in a suburb comparable to other suburbs. Finding stuff to compare it to is not easy.
Can the home inspector be relied upon to give us an idea, or should I hire a separate real estate appraiser?
(And, what — roughly — might I expect a real estate appraisal to cost?)
How much influence do professional appraisals tend to have on the final price, too?
Hi
No an home inspector is not qualified to decide that. Just the same an Appraiser cant do a good home inspection either.
Plan on an appraiser costing 200-500 depending on where you live.
Make sure you get a Good one and not one that the sellers realtor suggests.
A home inspection can affect the final price After an appraisers evaluation, by finding problems.. but the pricing begins witht he appraiser.
For the buyer the Home inspector is MORE important to protect your investment.
However….. If you are getting any kind of financing through any bank in the USA you wil HAVE to have the house appraised.. its the law.
If you are going to do a home inspection then I suggest you do that first before the appraiser.. so if they find something that would make you not want to buy the home then you are not out the cost for the appraiser..
Before you do the inspection though
Ask when or if the home was ever inspected and if so when and ask to see the report..
Once a home has been insepcted those reports must be made available and go with the house forever.
Good Luck
Wismom
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