Getting Home Ready for Appraisal
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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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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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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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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It’s a frustrating thing to buy or sell a home and find out that it’s not worth what you thought it would be. The real estate industry is no stranger to low appraisals, especially in today’s market, and there are plenty of reasons why they happen. From improvements not being worth what you expected to…
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As a lender, you may wonder exactly how to best help your clients through the appraisal process successfully. Well, we’ve got the inside scoop for you! There are a few things you can do that will make a big difference in how smoothly the entire process goes.
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How can your clients get homes ready for appraisal? We all know that one of the most important parts of a home transaction is the appraisal process, and sometimes it can seem a little mysterious. Why do homes appraise the way they do? It’s actually pretty simple. An appraiser is looking at the bones of…
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