Posts tagged as:

credit unions

Housing Prices vs. Sales

May 25, 2010

The news, both locally and nationally, has been upbeat on housing recently. The stimulus packages from the feds has brought some welcome relief to the market, however they have expired. Now we look to see what will happen.

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Income Approach

May 6, 2010

At times the Income Approach seems confusing to people. There’s no reason for it not to be. It really isn’t used often in everyday residential appraisals.

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The Cost Approach

April 27, 2010

The Cost Approach is the second approach an Appraiser can use in making a determination of value. There are two ways to determine the cost: reproduction cost or replacement cost. Reproduction is the exact replication of the house using the same materials, etc. Replacement is the cost to replace the house using today’s materials, etc less accrued depreciation.

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Comp Checks vs. Sales History

April 7, 2010

Surprisingly, there are still individuals and/or entities out there that will call and tell you they have an appraisal order, but before they spend their money or their client’s money they want to see if they could get a comp check to determine if the value is there for the loan to go through!! Of course they ask in many different ways – estimate of value, your take on the value, will the value come close to the number!! They want to hear a number.

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Appraisal Facts or Fictions?

April 2, 2010

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Appraisals vs. AVM’s

March 31, 2010

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FHA Announcement

March 26, 2010

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BofA, Obama and You!!

March 26, 2010

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Buyer Be Aware!!

March 25, 2010

Image by Let Ideas Compete via Flickr

“Be Aware“, not “Beware”!!
It is important to be aware of the property you want to purchase. There’s a long standing adage “location, location, location…”. This is true, but it is only the first part of the process. This part is primarily subjective to the buyer. They need to determine what [...]

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The Wild World of Refinancing

March 19, 2010

This site is varied in its information and suggestions. We thought it may help the homeowners trying to get through the trials and tribulations of refinancing their home….. http://www.houserefinancecenter.com/
As always, if you like or dislike what we are posting, feel free to add your comments below or contact us directly.
We try to give pertinent information [...]