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.
The Problem with HBU
Highest and Best Use analysis is a test that appraisers use in order to determine how to value real estate. However, there is an...
What slows down an closing? Part 1: Don't use an AMC
A closing is the culmination of the mortgage process. One of the step in that process is the appraisal, and since they're an independent...
Redlining Richmond, part 2
This week's blog should make you ill. The language that will be used will reference the actual history of redlining in the City of...
Property Inspection Waivers: Who gets sued?
For a borrower, a Property Inspection Waiver (PIW) sounds like a win-win. Lower cost, faster closing, what could go wrong?! Appraisers...
FHA 203K Rehab Loans
An FHA 203K Rehab loans can be a great tool for a home that needs a little, or a lot of work, but its not for every instance. Knowing the...
When a sale, isn't a sale.
What happens when you can't trust the MLS to report "real sales?" Let me introduce you to 3000 Tideswell Rd, a custom 2018 farmhouse in...
Breaking Local News
As first reported by WRIC, Teresa Vetter, has settled with House Opportunities Made Equal of VA, to end a complaint of discrimination. In...
Redlining Richmond - part 1
When the topic of systemic racism is discussed, the topic of redlining is never far behind. However, before we jump into the topic, we...
Dear President Biden,
Sir, I welcome your incoming administration, and my sincerest hopes and well wishes are extended to you in terms of healing in this...
RVA Real estate professional... we need to talk.
Since beginning to appraise in the RVA area, I've noticed a common trend in the MLS that is causing confusion among agents, appraisers,...
Civil unrest, statue removal, and home values.
In addition to the Corona Virus, the City of Richmond also faced civil unrest in the summer of 2020. In the midst of this, announcements...