Inland Empire Direct Mortgage Lender | FHA VA USDA HARP 2 Home Loans » Real Estate Appraisals

What Do Appraisers Look For When Determining A Property's Value?

Brad Yzermans — Mon, 29 Mar 2010 06:19:41 +0000

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good idea of the [...]

Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices

Brad Yzermans — Sun, 28 Mar 2010 18:47:14 +0000

Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street? It’s a great question, and you don’t have to be a mortgage professional or a real estate agent to understand the answer. The distinction lies in the purpose of the two valuations [...]

Five Myths About Home Values

Brad Yzermans — Sun, 28 Mar 2010 18:09:33 +0000

A few years ago, when home values were just going up, most homeowners did not question appraisals much. It was the best of times. Over the past two and a half years, home sellers and even listing agents quite often question and pick apart appraisals. It was the worst of times. A Tale of Two [...]

How Do Mortgage Companies Value A Property That Has Not Been Built Yet?

Brad Yzermans — Sun, 28 Mar 2010 18:07:32 +0000

It’s obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges. Appraisals on homes that haven’t been built yet generally require the contractor and home buyer to [...]