housing market: Do not watch this video if you have high blood pressure! - 04/05/11 06:11 AM
If you have ever wondered if big corporations are playing fair…..you SO have to watch this clip from CBS’ 60 Minutes.

All one can say is…..WOW.
Now, after you pick your jaw off the floor – GET EMPOWERED!   If you are facing foreclosure…..FIGHT!


housing market: Hey New Yorkers - is it time to buy in Florida? - 12/12/10 11:26 PM
I remember when I first moved to Florida full time.  It was in 2003, before the BOOM in real estate.  I owned a home in upstate New York which was worth about $40,000 at the time but the taxes were outrageous!   Couple that with winters where it was common for 6 feet to 10 feet of snow to accumulate – and it was an easy decision to make the move to Florida!  Sure, the median priced home was around $200,000 – but taxes were WAY lower (no state income tax, lower sales tax and lower real estate taxes!) and from a … (8 comments)

housing market: Are prices increasing or recovering? - 11/29/10 07:30 AM
I downloaded the latest 3rd quarter report for Orlando today, from the National Association of Realtors and saw the very 1st graph which caught my eye: 
Click to view large Download this gallery (ZIP, undefined KB) Download full size (52 KB)
I have been seeing of late, some increasing trends for home sales.  Yet when you look at the longer view - it is quickly apparent that the markets are really just getting back to ground zero! 
The report showed a lot of really good data, which I have been tracking ‘on the ground' in real estate appraisals here … (1 comments)

housing market: Appraisers Must Be Competent? - 07/08/10 01:42 AM
A recent article from Mortgage Orb referenced the latest Fannie Mae letter to lenders, stating that
"appraisers must have the "requisite knowledge" to perform a professional-quality appraisal for the specific geographic location and particular property types"
So rather than bring an appraiser from out of the county, or from 4 counties away to appraiser something where a local appraiser exists....lenders (via AMCs) should select local, competent appraisers.
Part of the article stated:
Fannie further noted that it does not allow the same flexibility as the Uniform Standards of Professional Appraisal Practice, which allows an appraiser who does not have the appropriate knowledge … (6 comments)

housing market: Not everyone moves out - 06/25/10 03:33 AM

I came across this at one of my inspections the other day for a recent foreclosure.  The home wasn't SO bad...but the pool.....can you say "yiiiccckkk!!"  ?
What impact on value does a pool in this condition have for prospective buyers?  Would the site of this turn off a buyer beyond the "how much to repair" question?!  Mental images play a big part in purchases!
Suggestion for the bank - pay the money to drain, clean and treat this sucker!  You will reap HUGE payback in this market for a clean, blue pool as compared to ......."Yiiiicccckkkkk!!!"

housing market: Walking away: Moral, Ethical, Just Business? - 05/12/10 02:48 AM
This is a great video from CBS' 60 Minutes about the growing trend of people walking away from their home and mortgage, even though they can afford to stay - meaning they have enough income to stay.
Watch CBS News Videos Online
A couple of things which caught my eye about this video, is the struggle of conscience people have and the steps they must take within themselves to embrace the "it's just a business decision" stance.
I myself struggle with the tension between personal responsibility for choices made in a market and contract situation and the business decisions to cut … (6 comments)

Richard D. Ferris, Florida State Certified (FHA) Appraiser (AmcAppraisalsinc.com) Rainmaker large

Richard D. Ferris

Florida State Certified (FHA) Appraiser

Clermont, FL

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Address: 10535 Summit Lakes Ln, Clermont, FL, 34711

Mobile: 407-801-9933

Office: ​313-877-1807

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