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how appraisers appraise homes: Appraising Homes in a Declining Market...What you need to know for your Clients - 10/25/08 04:21 PM
Prior to these past 1-2 years, it has been a long time since Appraisers have had to deal with appraising homes in a declining market. Lenders really hate it when we mark the dreaded declining market box or the oversupply box or note that the days on market is over 6 months . But we are checking those boxes more and more these days.

As for how we define declining markets, well that may differ from appraiser to appraiser or location to location. We define declining market when we look at the sales prices of the same or similar homes in the prior year and see that they sold for more than … (52 comments)

how appraisers appraise homes: Chapter 3-How to increase the appraised value of your home. - 05/21/08 10:02 AM
CONTINUED FROM CHAPTER 1 & 2, REFER BACK TO THOSE BLOGS, PLEASE!
Other items under quality of construction is lighting and floor coverings. Do you have hardwood floors, tile, marble or vinyl. Is the carpet plush, berber, sculptured or shag. Do you have upgraded fixtures. As far as the bathrooms are concerned, do you have tile in the baths, a jetted or garden tub, double vanities, etc. The more upgrades overall, the better the quality and the higher the value. The kitchen and baths still rule. Do you have upgraded appliances, granite or corian counters as opposed to laminate counters. Do … (5 comments)

 
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Mary Thompson Lake Lanier Appraiser in Georgia

Flowery Branch, GA

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LakeFrontPros.com

Address: 5747 Garden Walk, Flowery Branch, Georgia, 30542

Office Phone: (770) 967-0753

Cell Phone: (770) 561-1840

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