James Gibson's (jimmyboy) Blog

I was recently doing an appraisal while the home inspector was there doing his inspection.  I listened to his comments to the future home owner.  He instructed her that she needed a roof certification from a qualified professional, and a furnace inspection from a qualified professional.  My thoug...

It has come to my attention that there will be major changes in the requesting of appraisals in the coming year. I don't know all the facts but thru the appraisal grape vine it is my somewhat understanding that the entire appraisal world will be restructured similar to the VA process. Appraisers ...

In the high-tech world of property valuation AVM's are becoming more popular with lenders funding loans for clients with good credit and a lower LTV percentage.  I also believe that AVM's are a very useful tool in property value research.  There are some problems that can occur when using an AVM ...

Manufactured versus Modular?             A Manufactured Home is a factory built unit which is constructed to comply with the Federal Manufactured Home Construction & Safety Standards            A Modular unit is also a factory built unit but is constructed to comply with the local and State codes...

I wanted to say thank you to everyone who replied to my post on bank owned properties. I received a lot of very good information. I am new to this community and I am finding that this is a great resource for my profession. Again, thank you for your help.Sincerely,Jim Gibson

When a property goes into foreclosure, can the bank sell the property for more than the amount owed on the note or notes if there is a second, or are they only able to sell it for the amount owed? If anyone knows the answer I would really appreciate hearing from you.Thanks,Jim

When your looking for comparables to comp out your property here are a few suggestions. Stay in the same neighborhood/subdivision.Stay with the same style unit (i:e; ranch, 2 story, bi-level, etc.).Stay within 200sf of gross living area (gross living area is defined as the livable space above gra...