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What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

McKissock

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. Because the house is in a registered historic neighborhood, returning it to the character of its age is warranted rather than modernizing, which would add to the project cost. We’re all familiar with the term “fixer-upper.”

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Meeting these eligibility criteria is the first step in applying for a reverse mortgage.