How do I appraise my home?

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This a fantastic article appraising real estate written by Tim Page of Appraisals by Page, Real Estate Appraiser in Spokane,WA

An FHA approved, certified real estate appraiser located in Spokane, WA

I get six or seven people a year that ask me how I appraise their home. The number one criteria that I use are comparable sales. I look at your home to determine the overall quality. I verify the square footage and the amenities and then I look for comparable properties.

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HVCC: Home Valuation Code of Conduct

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I. No employee, director, officer, or agent of the lender, or any other third party acting as joint venture partner, independent contractor, appraisal management company, or partner on behalf of the lender, shall influence or attempt to influence the development, reporting, result, or review of an appraisal through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, bribery, or in any other manner including but not limited to:
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Closing Timelines and 2009 Federal Regulations

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Consumer protection regulations have been put in place to ensure that homebuyers receive better information, especially regarding cost disclosures, earlier in the mortgage process.

New Truth in Lending disclosure requirements take effect July 30, 2009 and the timing of your closings may be impacted. With the new regulations you may need to plan for at least a 30-day close if the homebuyer is financing the property. [Read more...]

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