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Attracting More Appraisal Business

Cleveland Appraisal Blog

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.

Business 394
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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always. Okay, maybe not.

Appraisal 402
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Equifax’s Work Number is too expensive and regulators should look into it: CHLA

Housing Wire

In a letter submitted to FHA commissioner Julia Gordon and FHFA director Sandra Thompson on Thursday, the Community Home Lenders of America ( CHLA ) expressed concern that the cost of employment verifications charged by Equifax is “excessive” as income verification is required for both during loan underwriting and just before closing.

Insurance 416
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All the Tips You Need to Make Moving to a New State Much Easier

Cleveland Appraisal Blog

Employment, the cost of the move, buying a home, and many other things. This week, I welcome a new guest blogger, Ryan Mackenzie, who shares tips for making a move more manageable. Research Potential Homes Before You Move. If you need to get a home appraised, Aspen Appraisal Services offers expert independent appraisals!

Appraisal 310
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Tips for Moving Out of State: Here’s What You Need to Know for Your Big Move

Cleveland Appraisal Blog

This week, I welcome back guest writer June Duncan who shares some tips for those planning on moving out of state. Moving out of state to Cleveland and looking for a new place to call home? Visit the Cleveland Appraisal Blog for expert advice and assistance. Pay a visit to your new hometown.

Appraisal 348
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If You’re Using Zillow Sales to Price Per Square Foot…You’ll Probably Be Low!

Cleveland Appraisal Blog

When appraising a property, I usually look to see if there is any information on Zillow about the property I am appraising. While Zillow does offer some great data, occasionally, some of my clients point out home sales that they found on Zillow, that appear to be comparable to their property. I welcome these kinds of questions.

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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. How about underimproved? What do these things indicate?

Appraisal 289