Mary's Blog

On Monday September 14th, 2015 there are BIG changes when it comes to FHA Appraisals. This is the date that HUD has decided to make Appraisers much more than they are qualified to be..Inspectors, Termite/Pest Control Experts, Title Attorneys, Structural Engineers, Appliance Experts, Roofing Expe...

TRUE CASE STUDY!  Received Appraisal order with Sales Contract and a few Days later received an ADDENDUM to the Sales Contract REDUCING the Sales price due to issues found on the inspection. Seller was out of town and was not going to correct them. (Appraisers must review and analyze all sales pr...

Lake Lanier Realtors Attention Please....I ran some numbers because I was operating on observations, but wanted to back them up with Real Stats. The Results were shocking. Moral of the story is DO not let the Sellers "Test the Market" It is not working!Run, don't walk away from sellers who will n...

A True Case Study..........   When completing BPO's for Homes or Townhomes in developments where there have been many sales of what appear to be similar homes or units, do NOT primarily focus on their sales prices to come up with your listing price. This could Backfire on You!   Many Times Realt...

I am extremely humbled to be included among the top 10 Appraiser Power Bloggers Nationwide. Thanks to fellow Active Rain Blogger Bill Cobb who nominated me after reading my comments to the well known blog post noted below "WHAT TO DO WHEN AN APPRAISAL COMES IN LOW"Bill and I have followed each ot...

Appraisers are in total Control of the Comparable Sales Selected - Right? Not Always and this has a direct impact on values. Like it or not this is what Appraisers must deal with when producing Appraisals For Lenders who sell their loans to Fannie Mae.   So what does all of this mean for you? BE...

This is perhaps the most asked question of Appraisers...How much do you "give" for a Finished Basement vs. Unfinished, A Pool, Bathrooms, Garages, Fences, Boat Docks, Barns, etc.The answer is.....I cannot tell you..... WHAT you ask? Why not, you are the Appraiser. Back in the Old Days when Appra...

  REALTORS YOU HAVE MORE CONTROL OVER APPRISALS THAN YOU THINK! READ ON....   Appraisers.... start telling Realtors what Lenders YOU have good experiences with...It will help to weed out the BAD Lenders if Realtors are more selective in who they chose to work with.   Here are steps REALTORS can ...

Worried about your deals still falling apart due to Low Appraised Values, well hold onto your seats.....READ THIS WHOLE Post, then SHARE Everywhere.  Big Changes in the Appraisal World coming by the end of January 2015 with Fannie Mae's Collateral Underwriter (CU). Right from the horses mouth.......

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