Sentences with phrase «appraiser knows»

«They can't influence the appraisal, but if associates have done a full CMA looking at what's on the market and recent sales — including anything that might be unusual, like sellers contributing to closing costs or doing an interest rate buy down — they need to make sure the appraiser knows that information.»

There are tricks of the trade that every appraiser knows.

The less an appraiser knows about your neighborhood, the shakier the analysis and the greater the chance the appraiser will undervalue your house.

A qualified and competent appraiser knows how to conduct a thorough market analysis and make appropriate adjustments.

New shopping centers or the availability of public transportation can change the value of your home, so be sure the appraiser knows about anything that could make your home more valuable than other similar homes.

When faced with demands to either «make the number» or disregard material information, most appraisers know they should turn down the assignment or value the property at the appropriate level, despite the lender's «needs.»

Because the appraiser knew what appraised value was needed to complete the relo buyer's contract, and that appraisal could always be massaged to arrive at the needed number apparently.

Furthermore, the certification in the report indicated that the appraiser knew the home buyers could rely on the appraisal.

That's why relo departments would often insist when acting for the buyer, to insert a clause in the APS: «Subject to property appraising for not less than XYZ dollars $ CAD, failing which...» So, automatically that appraiser knew what was expected of him.

«These appraisers know what adjustments to make, if any, when using distressed sales as comparables.»

She also said competent and qualified appraisers know how to use distressed sales, such as foreclosures, as comparable sales when determining a reliable, credible opinion of value.

«It was a moving target, and appraisers knew it was a moving target.

Not exact matches

It can be helpful to know the differences between what a VA appraiser and home inspector will look for as they evaluate the property.

Did you know a VA appraiser doesn't necessarily state whether the plumbing works properly or perform a roof inspection?

Among the many issues we had, she indicated to us that following the 2008 housing bust, lenders were no longer allowed to «communicate» with the appraisers about the valuation.

Chatwin knew from his experience as an appraiser for Sotheby's that possessions weigh down the soul.

An appraiser could know someone who will give you an effective value for your personal precious jewelry items.

OverDrive will need to be willing to sell at the right price, which I won't even attempt to suggest here, not knowing all the variables, which disinterested appraisers could consider.

If you know about a home that sold without a listing agent, try to get information about that sale as well, to provide to your appraiser.

Your lender will choose an appraiser: No matter where you're borrowing from, your lender will be the one to select an appraiser to evaluate your home.

Do not yell at the Loan Officer if they don't know the answer or say they can not talk to the appraiser.

Some AMC's are better than others in letting the lender know the status, giving them the expected date the appraiser will visit the property, and the expected appraisal completion date.

We know the Real Estate Agents, appraisers, inspectors, and so much more.

The appraisal report will let you know how much the appraiser finds the property to be worth.

I'm planning to sell my house soon, and I wanted to know if I should prepare for an appraiser to visit.

We are now at the end of escrow with one hurdle left... the appraiser has to clearly let the lender know why we are purchasing this house for so much more than the listing price (Countrywide would not accept our first offer @ 70k less than the appraised value) but our offer was accepted at 25k less than the appraisal.

I know the Real Estate Agents, appraisers, and inspectors who work these areas.

OREP specializes in providing general liability insurance and professional liability insurance, also known as errors and omissions (E&O) insurance, to real estate appraisers, home inspectors, real estate agents and real estate brokers, mortgage field service and other real estate professionals nationwide.

If you have a great deal of belongings and you truly want to know how much your belongings are worth, hire an appraiser to come in and determine the value of your physical documents and belongings.

If you don't know the cash value, then an appraiser can help you or the amount you paid for it, if you remember, will suffice.

Instead of being a process as originally envisioned (and as this author originally was trained) in which clients choose «no - court» lawyers (usually for their divorces) and then, if needed, mutually hire various other kinds of professionals (such as property appraisers, tax experts, pension advisors, educational experts, child development or parenting specialists), these newly reconstituted collaborative law groups posit that collaborative law can and should be viewed as a «therapeutic jurisprudence» team approach in which divorce emotional and relationship issues are assumed to be addressed along with the legal issues.

Most people only know that appraisers perform appraisals for people when they are buying a home or refinancing their mortgage.

(Now the mortgage company knows, and the appraiser if he sees the offer knows, and the clerks in the law office know — so I am not sure how I feel about «that» process being employed.)

But we all know its the bank's appraiser who sets what the bank will finance.

Effective July 1, 2016, while Supervisory Appraisers must still be state certified appraisers in good standing for a minimum of three years prior to supervising, they no longer need to be state certified and in good standing in the jurisdiction in which the Trainee Appraiser practices for a minimum period of time.

I don't know the copyright contract Centract signed with the 1000's of appraisers who originally completed these appraisals or if they have gained access to mls data through their Royal Lepage relationship but this is a serious issue for all NON-Lepage REALTORS.

In Ontario, at least, lenders can no longer pick their personal choices re appraisers when they want opinions of value in order to sell their money for mortgage purposes.

I was disturbed by «The Home No Appraiser Wanted» (October 1996, page 64) That appraisal was not «mission impossible.»

If you read through some appraiser forums it seems half of them don't exactly know how it all works either.

But the headline «The Home No Appraiser Wanted» should have read «The Home No Lender Wanted.»

Next the appraiser wanted to know about the water and sewer systems.

And know that the new system will add about 10 percent to your overall property value, according to Twin Cities appraiser Alan Hummel.

When asked to attend a known stigmatized property I always took a paid appraiser with me, sometimes if only for security.

spread was ridiculous, but unless one has been an appraiser, one does not know about the stuff that goes on within that so - called profession.

The first thing about real estate that consumers need to know is how to spot an unethical registrant and / or an unethical appraiser.

However, many practitioners were being told they were no longer allowed to give information to appraisers.

So, unless you are ready to get out of your office and walk the dirt with a buyer, or be on hand to meet the appraiser at the property, or any number of 100s of tasks that Realtors do on a daily basis (or pay someone on their team to do), then you will never take the place of a Realtor, no matter how many leads you get through your website lead generator.

Important to find someone good, as they will know how to handle critical pieces, like the hardship letter and budget, and MOST importantly, helping to get a low BPO by highlighting everything bad about the property and neighborhood to the BPO agent or appraiser.

Now you know why appraisers are such a secretive bunch (except for when within the in - house gatherings of appraisers sharing knowledge and misgivings when said appraisers discuss problems inherent within the business); every time they might open their mouths publicly vis a vis property values they can be / are held accountable for whatever they might let slip.

The «Cost Approach» grid on a standard appraisal form is often not filled in / calculated out for the simple reason that it has to do only with the cost to produce on square footage basis minus depreciation for age and condition, with said resultant number being added to the appraiser's opinion of what the empty lot is worth according to whether the property is being utilized in a manner known as «Highest and Best Use».