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How To Appraise Rural Properties

Appraisal Today

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. There may be seminars available. I had niece who had several horses for many years where she lived.

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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

If a buyer is using an FHA-insured mortgage, the appraiser has to fulfill both the lender’s and HUD’s requirements, Bradley said. Be careful about waiving the appraisals and what that means in your marketplace pertaining specifically to your contract,” she added. What Happens When the Appraisal and Purchase Price Don’t Match?

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Appraisers: How to Spend Less Time on Email

Appraisal Today

Before that time (when the first 30-year fixed mortgages started), it was common for entities like commercial banks and life insurance companies to issue short-term balloon mortgages, often with terms as short as three to five years, which would be continually refinanced and never paid off. Coming in the September issue of Appraisal Today .

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Appraisers: Watch for Concessions and Kickbacks

Appraisal Today

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). I have taken many of his seminars over the years. Federal law, FNMA/FHLMC guidelines and USPAP all point to a solution.