Costs of using Appraisal Management Companies Well, well, well — looks like the appraisers’ little secret has been exposed, and it’s all thanks to a class action lawsuit that’s about to turn the whole game upside down. Enter Timmins v. Clear Capital, filed on November 1 in the Superior Court of California (because, really, where
Lawsuit Sheds Light on the Sneaky Middlemen Making Bank at Your Expense Read More »
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The Hidden Costs of Appraisal Management Companies: How Sacramento Homebuyers Are Paying the Price The real estate appraisal industry has seen significant changes over the years, and one of the biggest disruptions has been the rise of Appraisal Management Companies (AMCs). While these companies were originally introduced to provide a buffer between lenders and appraisers
AMCs, on average, claim 65% of the appraisal fee Read More »
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2024: The Year of the Seller’s Market (and Everyone Else’s Stress) Inventory: More, Then Less, Then… Who Knows?December listings surged 24.9% year-over-year, giving buyers a rare moment of joy as they scrolled Zillow at midnight. But before anyone could shout, “Open house!”, inventory plummeted 29.2% from November. It’s as if the housing market played a
Year End in Review Read More »
Housing Market
Do You Lose Money Selling to Opendoor? Why Getting a Real Estate Appraisal Is Crucial to Avoid Lowball Offers In today’s fast-paced real estate market, homeowners are often drawn to the convenience of selling their property quickly. One of the companies gaining traction is Opendoor.com, which promises homeowners a fast and hassle-free sale. While the
OpenDoor LowBall Offers Read More »
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The Appraiser’s Survival Guide: How to Pass Your FHA Inspection Without Breaking a Sweat (or a Toilet) Utilities: Ensure that all utilities are turned on during the inspection, including appliances, to confirm they’re in working order. Appliances: All appliances should be functional. Drainage: Proper drainage around the property is essential. Standing water near the foundation
How to Pass Your FHA Inspection Read More »
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You might be wondering what makes a property truly stand out in today’s competitive real estate market. One emerging trend that has caught the attention of many buyers is new construction homes with RV garage options. Whether you’re a seasoned RV enthusiast or someone looking for extra storage space, these homes offer unique benefits that
New Construction Homes in Roseville with RV Garage Options Read More »
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A Fresh Take on Housing in Folsom, California As a real estate appraiser with years of experience, I’ve had the opportunity to evaluate a wide variety of housing developments, from cookie-cutter subdivisions to more unique, forward-thinking communities. Shawood, located in Folsom, California, is one of the most interesting projects I’ve come across in recent years.
The Next Generation of Home building in California Read More »
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Homeowners Insurance in High-Risk Areas: Essential Insights for Buyers When buying a home, homeowners insurance is a crucial factor, particularly in regions vulnerable to natural disasters like wildfires and floods. Understanding how to navigate the insurance landscape can significantly impact your purchasing process and overall investment. Why Homeowners Insurance Matters Homeowners insurance protects your property
How fire and flood hazards impact insurance costs and the potential delays Read More »
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The Rise of All-Electric Homes: Welcome to the Future (Where Gas Is So Last Century) Ah, the joys of modern living! Gone are the days of lugging around heavy gas tanks for your outdoor grill or shivering in the winter waiting for your ancient furnace to kick in. Welcome to the brave new world of
All Electric Homes Welcome to the Future Read More »
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Understanding Appraisal Comparable Guidelines: What Are Comparables? In residential appraisals, the primary method for assessing value involves analyzing comparable properties—often referred to as “comps.” These are recent sales or listings that closely resemble the subject property, usually found within the same neighborhood. The more alike these comps are, the more reliable the appraisal will be.
