Why Hire From the Best Appraisal Company in Seattle

Getting the exact appraised value for your property is one thing that you should look into, primarily. This should happen even before you put your property up for sale. Knowing the accurate value of your property will help you decide for the final selling price of your property. You can only do this if you hire staff from the best appraisal company in Seattle. You can surely find regular appraisers in town, but the services offered by the staff coming from the best company is just incomparable.

So why should you hire from the best appraisal service company? From the name itself, you will know that the people who work for this kind of company are not only qualified but are highly trustworthy as well. Is trust a big factor with regards to property appraisal? The answer is yes. Large monetary values are involved in these tasks and could be very crucial for third party individuals to know. However, if you hire workers coming from the best Seattle appraisal company, you can rest assured that the results from the appraisal is indisputable.

The best companies that offer appraisal services will not risk their name by employing staff that are not competitive. What is great when you hire their personnel is that you can be assured that they are experienced and qualified individuals. Of course, these people would go through several interviews and exams before they are even hired to work for the company. Also, they are often registered appraisal specialists. They are actually certified and licensed to operate appraisal tasks in Seattle. With this in mind, you can be sure that they can be trusted.

The experts in the field can do the appraisal process at the shortest time frame that they can. Although they do everything quickly, they are still able to process with quality. This is the thing that sets experts apart from the green horns. The experts are used to doing their jobs, they have already found the right techniques to do everything in a swift without the need to risk the quality of their work. They are able to practice full professionalism all the time.

Hiring a good appraisal manager from the best company will give you the assurance of making a great deal by the time you sell or buy a certain property. The appraiser would know the best value of the property. Both buyers and sellers will benefit if they work with an excellent appraiser from the best appraisal company. This would only mean that buyers will make a great buy while sellers enjoy the profit as well. It will actually be a win-win situation between both parties if you trust a professional appraiser in Seattle.

One of the best reasons why you should hire n appraiser is for you t save not only the money but also your precious time. The best appraisal company in Seattle will make sure that you gt the best experience with them. They will never let you wait. They do their tasks with quality and in a timely manner.

Very, very funny appraisal video!!

Very, very funny appraisal video!!

I just kept smiling and laughing!! Definitely one of the best, if not The Best, and Most Original, humorous appraisal video I have ever seen!! Videos by Gary F. Kristensen, A Quality Appraisal, www.aqualityappraisal.com “Thrift Shop” parody called “Portland Appraiser Shop.”  Lotsa comments!! What’s your favorite “Scene”? Mine is what he does with his comp […]

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What You Should Know about Appraisal Services in Seattle

You may expect that appraisal services in Seattle are easy to do and that it would be inappropriate or appraisers to collect high prices for every appraisal they do. You may need to be corrected about that. Ensuing the consistency of information and accuracy of the results may be easy for the experts, but it still requires them to spend time, effort and cash to deliver a quality appraisal value for a certain property. There are some things that you still don’t know about appraisals. Read on and learn more about how the appraisal services are done in Seattle and other important information.

Appraisal methods actually come in varied types. There is an appraisal system that is specific new properties, properties that are for resale and properties for investments. These different types of real estate properties have varied features. That is why the appraisal methods and analysis are different for each area in the real estate industry.

When appraising new properties, it usually looks into the cost first. The real estate item could be new or something that is yet to be built. In some cases a new property would also refer to an old property which was brought down and another one is rebuilt. The cost of the construction, the demolition and the reconstruction is added to the sum of the value of the land.

For the properties that are for resale, appraisers use the sales comparison method. In this type of appraisal, the expenses for construction or the land value is not computed. Instead, the appraised value is based on the value of other properties that have similar features to the property being appraised. The comparables, or the factors that make two different properties somehow similar, are used to determine the possible value of the item being appraised. The value of the house will be compared to the value of another home that was just recently sold, given that they have acceptable comparables.

As for properties that are meant to be bought for investment, there are several factors that need to be scrutinized as well. However, the parameters would be very different from the factors used for new and resale. The factors used for the appraisal of investment properties, mostly focus on the amount of the capital used for investment. The ongoing operating income of the property is also added. A good operational property will basically cost more than those that are not profitable.

You should know that property appraisal services in Seattle do not stop at getting the exact value of a certain property. It does not merely talk about number and how much an item in the real estate field is worth. Appraisals could also work on getting good estimates about how long it usually takes for a certain property to get sold in the area.  That is why, the appraiser will need to get all the details he or she would need. You need to be honest and trust your appraiser with important information. The more information you disclose with your appraiser, the closer the appraised result will be to the actual value.

Trends In The Real Estate Market

Trends In The Real Estate Market

Recent Real Estate Reports
What Is Going On At The VA?
Comedy Skills Can Help You Improve Your Appraisal Practice
Appraiser Help’s 2014 Directory of AMCs and National Appraisal Companies is Now Available!
5 Random Tweets Guaranteed To Make You Smie
Rates & Dates
Ask Angie
Tell us what you think!
Closing Remarks
Recent Real Estate Reports

Last Thursday, CoreLogic reported that April foreclosure inventory was down nationally by 35% from one year ago to approximately 694,000 homes (1.8% of all homes with a mortgage) from 1.1 million homes (2.7% of all homes with a mortgage).  This represented the 30th consecutive month of declines in the inventory of foreclosed homes with the past 16 months showing declines of 20% or more.  Pre-foreclosure filings also decreased by 28.6% in April from one year ago, declining from 100,000 to 71,000.  This represented a 69% drop from the peak of 229,000 in March of 2009.  CoreLogic noted that this was still substantially higher than the average monthly figure of 13,000 from the 2000 to 2005 period.

Arizona posted the largest year-over-year decline (-55.6%) followed by Utah (-53%), Minnesota (-51.3%), Georgia (-50.1%) and Nevada (-49.0%).  Declines in foreclosure inventory occurred in all 50 states and in Washington D.C. and 45 states had decreases of more than 25%.  A link to the CoreLogic report is found here: Foreclosure Inventory Down 35% Nationally From a Year Ago

One week earlier, CoreLogic reported a general decline in institutional investor activity in the markets they have been following with notable exceptions such as Atlanta, Detroit, Minneapolis and Miami.  The share of sales attributed to institutional investor in Miami jumped from 6.8% in March of 2013 to 17.2% in March of this year, a spike attributed to the acquisition of entire condominium developments by investors.  On the other hand, institutional investor activity in Phoenix fell to 3.6% in March from a high of 13.2% in July 2012 due to rising home prices and declining inventory, a scenario found in many California and Florida markets (Miami notwithstanding).

One day before that report, CoreLogic released another which showed declines in sales from April 2013 to April 2014, particularly with distressed sales which declined by 50%.  Overall, sales declined by 2%.  Short sales fell by 88% to just 0.9% of all transfers with REO sales falling by 25% to 8.9% of all sales.  The largest share of distressed transactions were found in Michigan (28.5%) followed by Illinois (24.8%), Florida (23.2%), Nevada (23.0%) and Georgia (21.3%)  and constituted just 1% of all transfers. 

Last week, the FHFA reported that home prices rose by 1.3% nationally in the first quarter despite weak overall activity with the Pacific Division showing the greatest increase (2.1%) and the Middle Atlantic Division the least (0.1%).  A link to the entire report which includes detailed breakdowns is found here: Federal Housing Finance Agency News Release (Opens a PDF File)

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What Is Going On At The VA?

With the recent attention given to the problems in the Veterans Administration, it is probably a good time to point out that only 6% of appraisers nationally are on the VA appraisal roster.  The VA is in need of appraisers in many parts of the country and by preparing VA appraisals, appraisers can diversify their practices while performing a service to their country.  Interested appraisers should contact their VA Regional Loan Center.

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AppraiserNews is a FREE publication, supported by advertising and sales of products designed to help appraisers support and grow their businesses. Please consider supporting us today by seeing what we and our sponsors have to offer.

Superior E&O insurance from the Landy Insurance Agency- click here to apply and receive your policy in about two hours!

Comedy Skills Can Help You Improve Your Appraisal Practice

Steve Cody, co-founder and CEO of Peppercomm, a New York strategic communications and marketing firm appears to have had appraiser relations with AMCs in mind with this blog post from last week titled “3 Comedy Techniques that can improve your leadership skills”: 3 Comedy Techniques That Can Improve Your Leadership Skills

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Appraiser Help has Released its 2014 Directory of AMC’s and National Appraisal Companies. Click the link above to learn more and to download your copy today!

Appraiser Help’s 2014 Directory of AMCs and National Appraisal Companies is Now Available!

To help appraisers evaluate how AMCs will work for their appraisal practices, we have compiled this expanded directory of AMCs and National Appraisal Companies, listing complete, contact information and other details for each listing.

If you’re looking to maintain or expand your mortgage appraisal practice, our Directory of Appraisal Management and National Appraisal Companies is a great place to start. Order it today for $69.99 and download it immediately!

Please visit our website now to make your purchase securely or contact us at (877) 434-2825 for more information on this comprehensive directory!

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5 Random Tweets Guaranteed To Make You Smile

1 ) Weather forecast for tonight: dark.

2 ) The reason there are two senators for each state is so that one can be the designated driver.

3 ) When a clock is hungry it goes back four seconds.

4 ) If it’s the Psychic Network, why do they need a phone number?

5 ) If you believe in telekinesis, raise my hand.

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Rates & Dates

Freddie Mac, the Mortgage Brokers Association (MBA) and HSH Market Trends reported that mortgage interest rates generally declined in their most recent surveys. 

On May 29th, Freddie Mac reported that 30-year fixed-rate mortgages fell to 4.12% from 4.14% the previous week. They also noted that last year at this time the 30-year rate was at 3.81%. Frank Nothaft, vice president and chief economist of Freddie Mac noted that: "Fixed mortgage rates eased a bit for the fifth consecutive week as reports that existing home sales are up 1.3 percent but not as much as expected. However, new home sales rose 6.4 percent in April to a seasonally adjusted annual rate of 433,000, which followed an upward revision of 11,000 units for the prior two months.

Also, as the spring home buying season continues, we see stronger consumer confidence as house prices remain on the rise. The Conference Board reported that confidence among consumers rose in May after dipping in April. Meanwhile, the S&P/Case-Shiller 20-city composite index rose 0.9 percent in March, above the consensus forecast."

One day earlier, Freddie Mac released their Multi-Indicator Housing Index for March which showed “…the U.S. housing market overall largely flat compared to the prior month and especially since last year at this time”.  A link to their news release and this report is found here: Housing Markets Selling

The Mortgage Bankers Association (MBA) reported on May 28th (for the week ending May 23rd) that 30-year rates with conforming loan balances ($417,500 or less) fell to 4.31% from 4.33%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) declined from 4.24% to 4.23%.  Rates for FHA backed mortgages also fell, from 4.06% to 4.04%.  These declines brought the rates for all three products to their lowest levels since June of 2013.

Mortgage applications dropped by 1.2% from the previous week with the share of refinance applications as a percentage of all applications remaining at 52%.

On May 30th, HSH Market Trends reported that 30-year mortgage rates dropped to 4.18% (the lowest point since the spring of 2013) from 4.20% the previous week. Rates for FHA-backed mortgages also fell, from 3.95% to 3.91%, the lowest level in approximately six months.

Additional information from Freddie Mac can be found by going to: Primary Mortgage Market Survey PMMS – Freddie Mac

Additional information from the Mortgage Bankers Association can be found by going to their site at: Research and Forecasts – Mortgage Bankers Association

Additional information from HSH can be found by going to: HSH.Com

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Ask Angie

We would first like to congratulate our most recent winner: El Granada, California appraiser James Manning.  Jim appraises properties in San Mateo County in the Silicon Valley area.  He is also the author of a book (Public Trust Betrayed: The Truth about the Real Estate Appraisal Industry) and recently finished a “pilot” for a drama series appropriately called “Hypothetical Assumptions”.  The logline: “After establishing himself as an honest and ethical appraiser, a man whose only interest is doing the right thing must learn to exist in a world of corruption and not succumb to the greed around him.”

Jim was the first to answer correctly that Andrew Lang was responsible for the quote "He uses statistics as a drunken man uses a lamp post, for support rather than illumination"; Leo Tolstoy (in Anna Karenina) wrote "Spring is the time of plans and projects”; and William Shakespeare (in All’s Well That Ends Well) wrote "Love all, trust a few, do wrong to none".

Today’s Questions:

1. Who wrote: "When spring came, even the false spring, there were no problems except where to be happiest. The only thing that could spoil a day was people and if you could keep from making engagements, each day had no limits. People were always the limiters of happiness except for the very few that were as good as spring itself.”

a) Mitt Romney

b) Ernest Hemingway, A Moveable Feast

c) Olivia de Havilland

d) F. Scott Fitzgerald

e) None of the above

2. Who said: "There is no greatness where there is not simplicity, goodness and truth."

a) Ivanna Trump

b) Leo Tolstoy

c)  Donald Trump

d) Leona Helmsley

e) None of the above

3. Who said: “From the moment I picked up your book until I laid it down, I was convulsed with laughter. Someday I intend reading it.”

a) Harpo Marx

b) Groucho Marx

c)  Chico Marx

d) Karl Marx

e) None of the above

The first person to respond with the correct answers wins a choice of one of the following:

One Free Regular Listing on AppraiserHelp.com

A Free Copy of the Newly Released 2014 Directory of Appraisal Management Companies (Available to Members of AppraiserHelp.com and FHAAppraisers.com FREE!)

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Tell us what you think!

We invite your responses to any of the issues raised in this newsletter. Please e-mail us at: bill@appraiserhelp.com with your thoughts!

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We really hope you find our newsletter to be informative!  If you have any input on future topics for discussion, please email me your questions and I will do my best to address them in the next issue.  If you want to look back at past issues you can see our archive at www.appraisernews.com

Regards,

Bill Collins, Appraiser Help Inc.

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