Real Estate Appraisals And Home Inspections
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If you are a buyer or seller, you have to realize that real estate appraisals and home inspections are actually two different things. While a lender authorizes an appraisal, it is the home buyer who needs to get a home inspection.More...
Real Estate Appraisal Checklist
When it comes to buying a house, it is important that you conduct a complete inspection before signing on the dotted lines. While professional appraisers have a set of guidelines to appraise the value of a house, a home buyer uses different set of items to check. In order to get value for your money, you should always be armed with a real estate appraisal checklist to figure out the condition of the house and identify any existing problems.More...
Real Estate Appraisal New Law
In order to get a mortgage, a real estate appraisal is necessary. Home appraisals are covered by the Financial Institutions Reform Recovery and Enforcement Act of 1989. However, now a new real estate appraisal law has come into effect from May 2009. This is the home value code of conduct, also known as the HVCC.More...
Real Estate Appraisal Regulations
The home valuation code of conduct, or the HVCC, which was passed in May 2009 by the federal government prescribes new real estate appraisal regulations. The regulations have put in place to protect not just the borrowers, but also the banks and financial institutions that lend the money.More...
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