Getting Home Ready for Appraisal

home appraisal inspection

Preparing for a Home Appraisal Inspection

By Alex Todak / August 1, 2022 /

When selling your home or refinancing your mortgage, the home appraisal inspection is a crucial step in the process. You want your home’s appraised value to be as high as possible in the final report.  Most home buyer offers are contingent on a mortgage lender approving their loan to purchase the home. But if the…

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home appraisal contingency

Understanding the Home Appraisal Contingency

By Alex Todak / April 1, 2022 / Comments Off on Understanding the Home Appraisal Contingency

When buying a home, an appraisal contingency can serve as a safety net. If the home you want to purchase appraises for less than the price you agreed to pay, it gives you negotiating power with the seller. It also allows you to walk away from the deal without losing your deposit, should the seller…

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how multiple offers impact the appraised value

How Do Multiple Offers Impact a Home’s Appraised Value?

By Alex Todak / March 1, 2022 / Comments Off on How Do Multiple Offers Impact a Home’s Appraised Value?

In today’s real estate market, it’s not uncommon for a house to receive multiple offers and sell above the asking price. In fact, depending on your market, this may be the norm at the moment. But just because a home sells for more than the asking price doesn’t always mean the appraised value will match. …

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Home Appraisal Myths

Home Appraisal Myths – Busted!

By Alex Todak / July 1, 2021 / Comments Off on Home Appraisal Myths – Busted!

No matter how many times you’ve been through the process, the prospect of a home appraisal can seem a little daunting. With the cobweb of people involved, it’s understandable that your clients may feel a little bit confused. So, to help everyone through the process, we’ve compiled a list of the top seven home appraisal…

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Things appraisers want sellers to know

5 Things Appraisers Want Sellers to Know

By Alex Todak / June 21, 2021 / Comments Off on 5 Things Appraisers Want Sellers to Know

Wouldn’t it be so much easier if there was a blog filled with all of the things appraisers want sellers to know? Oh, we just wrote one? Guess you’re in luck! That’s right, we’re unveiling all the mysteries! (Well . . . maybe not all of them, then you wouldn’t need us if you knew…

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Manufactured home appraisals

Everything You Need to Know About Manufactured Home Appraisals

By Alex Todak / June 1, 2021 / Comments Off on Everything You Need to Know About Manufactured Home Appraisals

There is a growing demand for alternative types of housing in communities across the country. As home prices for traditional single-family residences continue to soar, it’s becoming more difficult for people to buy a home. One attractive alternative type of home that is growing in demand is manufactured homes, sometimes referred to as mobile homes.…

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home appraisal

Different Home Appraisal Types

By Alex Todak / May 3, 2021 / Comments Off on Different Home Appraisal Types

With so much chatter out there about different kinds of home appraisals (especially since the pandemic has increased some of these appraisal types and decreased others), we thought we’d write something about the different home appraisal types and their pros and cons. While we’re not addressing appraisal waivers here, we’d like to point out that…

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how-appraisers-choose-comps

How Appraisers Pick Comps

By Alex Todak / April 8, 2021 / Comments Off on How Appraisers Pick Comps

Appraisers have to be really methodical about how they pick comparable properties, or comps, when they are doing home appraisals. There are extensive guidelines from Fannie Mae, Freddie Mac, and the FHA about what constitutes an appropriate comp for a home appraisal. Here’s a peek into how appraisers pick comps and how they affect a…

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Appraisal

The Difference Between Sales Price and Appraisal Value

By Alex Todak / April 3, 2021 / Comments Off on The Difference Between Sales Price and Appraisal Value

You may wonder why a home’s sales price and appraisal value sometimes don’t match up. Whether you’re buying a home or selling a home, it’s important to know how they can differ, especially in today’s hot housing market. Home Sales Price The housing market is, of course, influenced by the fluctuations of supply and demand.…

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Home Appraisal Reconsideration of Value

What is a Home Appraisal Reconsideration of Value (ROV)?

By Alex Todak / February 1, 2021 / Comments Off on What is a Home Appraisal Reconsideration of Value (ROV)?

The real estate market has been moving at a breathtaking pace this year, and we’ve been seeing more home appraisal Reconsideration of Value (ROV) requests. That’s not unique to Kairos; many AMCs are seeing a substantial uptick in ROV requests. This is due to several interesting factors that are happening the market right now. While…

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