Real Estate Appraisers

The Out-of-Town Real Estate Appraiser Fiasco

The Real Estate Appraiser Fiasco is a true story of a home in Sequim that was appraised by an out-of-town real estate appraiser who missed true fair market value by almost $20,000! Appraiser mistakes like this always spell D-I-S-A-S-T-E-R for the seller, for the buyer, and for the listing agent, the selling agent, and the

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Are Zillow Zestimates Accurate?

Are Zillow Zestimates accurate or inaccurate, or somewhere in between? This is a big question all across the United States, and it’s a hot topic. Some homeowners are downright angry at how Zillow Zestimates have underestimated the value of their home while they are trying to sell it. Some buyers came to rely on Zillow

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Appraisal Management Companies

Appraisal management companies are the bane of a buyer’s existence. This is the biggest problem right now for a buyer who is getting a loan and will need to have their future home appraised. Here is exactly why this will be your biggest challenge, and I’ll tell you how to handle this issue. Appraisal Management Companies Created

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Sellability and Appreciation

How important is sellability and appreciation in your home? Extremely important, and I’ll tell you why. Too many widows in their 80s have been left with a home they cannot sell, and it becomes a nightmare for them when they are struggling to maintain the property and pay property taxes. I’ll explain what has happened to many

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Fair Market Value (FMV) and the Comparative Market Analysis (CMA)

Fair market value is the true value of a home, and when you buy a home, clearly you don’t want to pay more than fair market value. That may be an obvious statement, but what is not so obvious is how to know the fair market value of the home you want to buy. When

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What if You Get a Low Appraisal?

What happens if get a low appraisal that comes in below your purchase price? This could turn into a nightmare scenario, but there is a seasoned approach to handling a low appraisal. First, we’ll look at the immediate consequences, and then we’ll look at the solutions. What a Low Appraisal Means It does not happen very often,

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What Happens if I Get a Low Appraisal?

What happens if the home you are buying gets a low appraisal? This might surprise you, but a low appraisal is more likely to happen in a rising market with increasing prices and especially a very hot market. That’s because appraisers are using data that may be six months old when they compile comparable sales,

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Bell Hill Homes and Tax Assessments

Bell Hill homes are selling once again after a bit of a lull in the past few years. Prices are down and demand has increased of late. How can you know how much to offer on a nice home? In this article I want to show you how the tax assessed value relates to the

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Faulty Home Appraisals Killing Deals

Are faulty home appraisals killing deals?  The answer is yes, but this issue requires careful consideration to understand what is going on and why.  At the outset, let me say the problem is less about professional appraisers than it is about a system that is defective.  Like every profession, there are a few incompetents, but

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What’s Wrong With The Appraisal Business Nationwide

Many people know the appraisal business is in a time of tremendous challenge.  Most people have heard stories about the problems that buyers are having getting loans and getting underwriter approval.  As with most things in life, things are not always what they seem.  The appearance is not always the reality.  This is true in

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Home Appraisals Out of Control – No Adult Supervision

Home appraisals are out of control, and if you’re buying a home in Sequim or Port Angeles, you may find yourself in a most impossible situation like recent clients of mine did.  What if you were told the home you want to purchase cannot be appraised?  That would sound ridiculous, wouldn’t it?  Well it happened,

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Sequim Appraisers Deduct Value

What do Sequim appraisers do when their assignment is an unfinished house or an incomplete house?  I recently sold a home that was foreclosed and is new construction.  This is in a subdivision that has been foreclosed.  Unfortunately for the developer, he invested a fortune in subdividing land and building homes just as the market

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What if the Sequim Appraisal is Less Than The Contract Price?

What if the Sequim appraisal price is less than what you and the seller agreed to in your purchase and sale agreement (PSA)?  Let’s say you find a home and you say to yourself, “Yes, I could live in this home for the rest of my life.  It’s perfect.”  You have your buyer’s agent write

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Real Estate Appraisals and Consumer Protection

The real estate appraisal business has taken a pretty big hit since the mortgage debacle.  It used to be a good and well known appraiser could get referrals.  In any profession, referrals are not only a good idea, but referrals became a major source of business for established pros.  Referrals have been a good idea

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