What’s all this about Seller Protections and Appraisal Guarantees?

I recently read an article in our local Business Journal about the quick upward spike in home prices here in Denver, and markets like it, around the country. When we see the conditions known as a “seller’s market” we begin to notice interesting techniques employed in the home purchase process – usually in additional clauses in purchase…

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The Appraiser’s Coming… What Should I Do?

With interest rates at an all-time low, it’s not only a great time to buy a house, it’s an even better time to re-finance the loan you have. Refinancing a loan is, in most cases, going to require an appraisal. And the higher the appraisal, the better for the borrower. So what can you do…

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Oh Crap! The lights went out again!

The term “Obsolescence” is often used in real estate appraisals. We go into External Obsolescence and Functional Obsolescence in great detail in our guide “Buying the Recession-Proof House.” Recently I came across a great example of Functional Obsolescence while appraising a house that was being purchased: Here are two photos of “conditions” this property suffered,…

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Did Bad Assessor Data Cost you your Mortgage Loan?

In my last post I mentioned that I have recently appraised houses where the County Assessor’s information was incorrect regarding the property. The two houses were in completely different Counties but were both built in the mid-1990s. Things were booming around here at that time and I assume most of the misinformation is a result…

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Your Assessor may be (over)Taxing you on Bad Data

In the past two weeks, I have appraised houses where the County Assessor’s information was incorrect. The two houses were in completely different Counties but were both built in the mid 1990s. Things were booming around here at that time and I assume most of the mis-information is a result of builders reporting the wrong…

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What’s So Special about this Colorado Grass?

Valuable Open Space or Deadly Deal-Killer? I recently appraised a house that backed to this greenbelt. The space is very wide (about 100 feet) and isn’t maintained, or even watered. As an appraiser, I would treat it more like open space than a greenbelt when estimating how much value it added to the property… Except……

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