This FAQ came to us from a brand new real estate agent completely new to the process of selling homes.  There’s a lot of people involved in a typical real estate transaction, and it’s very easy to get the players confused from time to time!  In this short blog, I’ll answer the question, “What’s the difference between an appraisal and a home inspection?”

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In this episode, we answer several of the most frequently asked questions our office gets on a weekly basis from Realtors and Homeowners. 

Ryan Bays reports the latest stats in our local real estate market and gives a word of encouragement to everyone in these tough times. 

One of Ryan's favorite things to do is speak to Realtor offices about appraisals. And inevitably, no matter what topic he is asked to speak on, the discussion turns to FHA appraisals. “What should I be on the lookout for?” “Do I need to make the repairs before listing the house?” “How is an FHA Appraisal different from a ‘regular’ appraisal?” “Do you have a checklist for me?” Questions surrounding FHA appraisals are many, so we’ll wrap up this season with a discussion of FHA appraisals. 

Show Notes: https://cutt.ly/wMw9m8j

The anticipated housing correction is here! We are seeing some staggering changes in our local numbers. Listen to the latest market update for October 2022 now! 

Selling real estate is tough enough, stressful enough, and sometimes cutthroat enough the way it is.  Then you introduce multiple offers on a home and it just gets worse.  You’ve got timing to consider, you’ve got your client’s best interest to protect, you’ve got other duties you have to fulfill, you have to walk though all the offers with your seller, or try & craft the best offer for your buyer. 

And then, there’s the appraisal. Listen to this episode to find out how an appraiser handles multiple offers.

We're seeing some big changes in our local market! Listen now! 

Have you ever had a listing that didn’t appraise for contract price?  It’s frustrating, for sure – especially if you feel like you don’t have any options!  The home didn’t appraise for contract price, so the deal is dead, right?  Not at all!  When this happens, most parties have three options:  lower the sale price to the appraised value, have the buyer come out of pocket for the difference, or cancel the sale.  But those are all options you’ll need to consider after challenging the appraisal.  

Ryan makes note of some changes he's seeing in our local real estate market for the month of August. Listen to stay up to date with the latest in our market! 

I can’t think of a more polarizing topic – one that has completely shaken up the appraisal industry since the first part of 2022 – than ANSI.  In April, 2022, Fannie Mae announced that any home purchased by them will need to be measured using ANSI standards.  This has caused more than a little chaos and confusion, so this episode will help clear some of that up for you.

Show Notes: https://cutt.ly/4Z18FBH

This episode has all the latest on how the market is currently doing, the latest trends Ryan Bays sees happening locally and nationwide and some closing thoughts about Market Value. 

Over the years, we’ve heard it all.  Misunderstandings about the appraisal process are plentiful, and some of those really do affect the way you do business.  So this podcast episode will address (albeit briefly) five of the most common myths we’ve heard.  We’ll set the record straight, and give you greater confidence the next time one of these issues comes up!

Show Notes: https://cutt.ly/OLt5EBc

All the latest numbers for June 2022 plus a comparison of those numbers with June of last year as well as a comparison of the first and second quarters. 

The Realtor’s Guide To Appraisals Part 6: Can I Give Sales To An Appraiser?

Purchasers are paying at and above list price and appraised value, multiple-bids are commonplace now, and more than ever, appraisals are coming in under sale price. What’s a Realtor to do?

Show Notes: https://cutt.ly/UKvSFVv

Stats for May 2022 and how they compare to 2021 and the last few months. Ryan Bays discusses the increase in the use of the Tide Water Initiative and other trends he sees happening right now. Tune in to stay up to date on our local real estate market! 

When’s the last time you picked up the phone and called an appraiser?  Maybe you had a question about how to adjust for an inground pool.  Maybe you had a problem and the home didn’t appraise at the sale price.  Do you ever communicate with the appraiser? 

How does April's single-family residential market compare to the rest of the year so far as well as this time last year? Find out here! 

Have you ever listed a home and during your listing appointment, the homeowner mentioned a previous appraisal?  Maybe they kept impeccable records and had the appraisal from when they bought the home, as well as a refinance appraisal from two years ago.  Which one should you use?  What’s the difference between the two?