My Real Estate Page newsletter for November discusses how to make the most of an appraisal in this market. I've sent this issue to every client doing a refinance and every listing agent I know. Appraisals are the subject of much conversation in our industry and much of the conversation is definately not happy talk. Appraisers are sworn to identify the accurate value of a property to support mortgage loans that are secured by real estate. Appraisers have to deal with a wide variety of factors, not the least of which is the new HVCC structure that limits the contact between the apprasier and the lender.
If you want to obtain the most accurate appraisal of your, or your client's property, you need to be proactive in the process.
I've posted the newsletter on my website and attached a copy of the file to this email. You can access the PDF version to print or download at this link: Obtaining The Best Appraisal in Any Market
Please feel free to distribute to your clients, especially your sellers. I hope it helps your business and if you have any questions, please call or email me at your convenience.
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Great great info. I am trying to get all my agents to have all the information's upfront in their file. If you think there might be questions (and now days there always is) you have to document all the upgrades and improvments.