Appraising

How Many Times Would You Like to Pay for That Basement?

Are you in the market to buy a home? A lot of people are. The summer months are usually when the real estate market really heats up. With the ongoing shortage of home inventory, realtors are working hard to make their listings more attractive than their competition. Attempting to do so, some are including the finished… Continue reading How Many Times Would You Like to Pay for That Basement?

Appraising

So You Qualify For A PIW…Now What?

Recently Fannie Mae and Freddie Mac have begun offering PIW's (Property Inspection Waivers) to certain borrowers under certain conditions. This enables the lender to provide a home loan without having an appraisal completed for the loan. Why? It really comes down to risk. Borrowers who meet certain criteria have a low risk of defaulting on their… Continue reading So You Qualify For A PIW…Now What?

Appraising

Bank Appraisals vs. Private Appraisals…What Makes the Most Cents?

What’s the difference between a “Bank” appraisal for lending vs. a private appraisal? If an appraiser appraises a home for a lender and on the same day performs a second appraisal of the same property for private party, will the values be different?  I recently had a client tell me that their real estate agent said that bank appraisals… Continue reading Bank Appraisals vs. Private Appraisals…What Makes the Most Cents?