How to read an appraisal: Part 9
Today we wrap up the series on how to read the URAR 1004 form used in most real estate transactions. Having spent page 1 defining the...
How to read an appraisal: Part 8
As we near the conclusion of our series on how to read the URAR 1004 Appraisal form that is used for most lender transactions, we will...
How to read an appraisal: Part 7
Today we look at how to read the top of page 2 of the appraisal report. I'll be using this sample that was produced by the...
How to read an appraisal: Part 6
Today's post will wrap up the left-hand side of the URAR 1004 before we move into how to read the analysis (everything to the right)....
How to read an appraisal: Part 5
Today we dive into the quality and condition on the URAR 1004. Before we dive into the terms and definitions used by Fannie Mae, lenders,...
How to read an appraisal: Part 4
Many people skip to this page of the report to "find the number' that the appraiser came to. Today we will break down the form line by...
How to read an appraisal: Part 3
Today we reach the bottom of page 1 of the most commonly used form for real estate appraisal. I'll address the different portions of the...
How to read an appraisal: Part 2
This week we continue to dive into the URAR 1004 Form that is used in most lender transactions. Above we see the "Neighborhood" and...
How to read an appraisal: Part 1
This week we begin a multi-part guide on how to read the appraisal report that has landed in front of you, by going through the most...
What is market value?
Ask a lender, agent, and appraiser to define this, and you'll likely get three different definitions. Today we'll look at why the real...
Basements =\= Above Grade
In recent conversations with homeowners and realtors, the topic of "Above Grade" and "Below Grade" living areas has come up. In these...
What slows down a closing? Part 3: Appraisers and volume
The appraiser is the only real estate professional in the mortgage transaction that has training in valuing real estate. Let that sink in...
What slows down a closing? Part 2: Lenders and Volume
Within every bank there may be a half dozen hands that your mortgage goes through, and every touchpoint is another possibility for delay....
Redlining Richmond: special video
Today, we recommend the recent work of Extra Credits: History, on the topic of redlining, featuring a story from Jackson Ward.
Why didn't my outhouse add value?!
Today we'll apply a thought experiment that you can use when considering adding features to your home to understand why some improvements...