Image by wallyg via Flickr Almost every real estate sale involves an appraisal contingency designed to protect the home buyer and mortgage lender from paying too much for the property. Appraisals are generated by licensed appraisers who are contracted to generate a third party’s opinion, using established criteria, to determine and document current market value. [...]
HvCc appraisal flu hits Northern Virginia…
October 4, 2009 By 2 Comments
Home sellers and buyers in Northern Virginia have felt the pain of the HVCC, the Home Valuation Code of Conduct. These new guidelines (May, 2009) dictate how real estate appraisals are conducted for all mortgage loans that will be sold to Fannie Mae and Freddie Mac. Government insured loans such as FHA or Veterans Administration [...]
Northern Virginia home appraisal X factor
May 29, 2009 By
The “net price” of a real estate sale
May 27, 2009 By
After looking through some home sales data with a client in Oakton, it seemed like a good idea to clarify some of the determining factors when examining homes sales comparables that influence current pricing of homes. Determining a net sales price for a home is impossible if you are looking at recent sales data published [...]
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