Do you find yourself spending time explaining appraisals to your clients, real estate agents and home inspectors (especially when repairs are required)?
While Fannie and Freddie may not require a full-blown appraisal on some A-paper and refinance transactions, it has been reported that 87% of all loans DO require an appraisal.
Since what loan originators really "sell" is "information", we have provided subscribers with a free report on the most frequently asked questions regarding appraisals.
The FAQ's covered in this REPORT are:
Why do you want a professional real estate appraisal?
Where does an appraiser get thier information to compare the value?
What's the difference between an Appraisal and a Home Inspection?
What does an appraiser look for?
If my appraisal is higher than the tax value, could my real estate taxes go up?
What's the difference between a FULL appraisal and a SHORT FORM appraisal?
What are "comparables"?
Did you know that you have a right to get a copy of your appraisal?
What does "market value" really mean?
What's the difference between "cost approach" and "income approach" when figuring out the value of real estate?
As a subscriber, simply click thru to the rest of the article, download the form, and add your contact information (created in Word format).
I recommend that you not only provide this report to your clients, but it's a great report to give to real estate agents (because they really don't understand the appraisal process either); give out at your home buying seminars and don't forget your affinity partners - CPA's, Attorneys and Financial Planners.
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