Happy 4th of July From Appraisal Management Services NW

Happy 4th of July From Appraisal Management Services NW !!

Why Do Banks Use An Appraisal Management Company

When working with the bank, you will notice that they use a lot of outside help to complete the transaction. This isn’t because employees are lazy or the bank doesn’t want to do its job. No, in fact, it’s the opposite as a bank wants to ensure that everything goes well the first time. For this reason, a bank will use an appraisal management company, and here are three reasons why.

Know the area: First and foremost, when working with a professional, one will ensure that they know the area. Think about it, real estate is based on a lot of local factors that the bankers and employees won’t know about. On the other hand, when working with Appraisal Management Services NW, one can know that they doing everything right, since the employees and company are in the area.

Won’t make mistakes: Without delving too deeply into the subject, you should know that it’s not easy to appraise a property, and it’s wise to use Appraisal Management Services NW. When doing so, you won’t commit any errors, and a professional will take care of everything. In the end, this is the easiest way to avoid problems. If not, the appraisal ordering can cause you problems, and you can lose potential clients when you make a mistake, whether it is large or small one.

Faster: Now, finally, when you want to appraise a house, you will want to see the process completed quickly. If not, you are going to bother your clients, and they may head to another company that has things in order. Luckily, with appraisal ordering from a professional company, you will see the transaction completed on time and with zero issues. In the end, appraisal management is important, and this will save you a lot of troubles if you simply let a professional handle all the hard work behind the scenes.

If you are like most people, you want to see things done right the first time. For this reason, when working with a bank to get a place appraised, you will see that the bank often works with a third-party professional appraiser.

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Happy Thanksgiving From Appraisal Management Services NW

Happy Holidays From Appraisal Management Services Northwest !!!!!!

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10 General Ideas To Help Your Appraiser

1. Spruce up the house. Appraisers say that you don't need to deep-clean under couches and that a few dirty dishes won't hurt your home's value. But rats, cockroaches and that car you've been tinkering on might. "Things like overgrown landscaping, soiled carpeting, marks on walls — those do affect value and are part of the property's overall condition rating," said Dean Zibas, the president and chief appraiser for Zibas Appraisal in San Clemente, Calif. In other words, think broom clean, not set design for a home-decorating magazine.

2. Curb appeal also matters, so mow the lawn, hack those weeds and trim those hedges. This can also help offset your house from unfair comparisons with foreclosures nearby. "In today's climate, I can't stress enough: condition, condition, condition," said Doreen Zimmerman, an appraiser in Paradise, Calif. "An hour or two, for the most part, will set your home apart in the actual picture that the lender gets from the appraiser versus the actual picture that the appraiser will provide of the (foreclosure) down the street."

3. Keep a list of all the updates you've made and be ready to hand it over; a sketch plan of the house indicating square footage also helps. "Have a list of updating done within the past 15 years. Itemize each update with the approximate date and approximate cost. Also highlight the notable features of the property," says Matthew George, the chief appraiser of Eagle Appraisals in Denver. Remember the items that an appraiser might not notice, such as a new roof or insulation. Don't forget the minor items. For example, I mistakenly told the appraiser we hadn't updated one bathroom, but actually we had installed a new sink and had the tub sealed. That counts, the experts say.

4. Have comps on hand. Yes, this is the appraiser's job, but every little bit helps -- especially if you are aware of a nearby property that sold without the aid of a real-estate agent, says Mark T. Smith, the owner and president of Smith Appraisal Services in St. Augustine, Fla. That can mean it wasn't posted on the multiple listing service, and can result in other delays by the time it gets posted through other government data sources.

5. Be mindful of peeling paint. Loans insured by government agencies, such as the Federal Housing Administration or the Veterans Administration, will require peeling paint to be removed in houses built before 1978. But don't worry too much about a child's scrawling on his bedroom wall, unless it's going to require a whole new paint job.

6. Focus. "Don't spend money that won't yield a return on the investment. The best expenditures for most markets are paint, carpet, light and plumbing fixtures," George says. Prioritize what you do; if you're the type of homeowner who has upgraded and fixed items as they broke, you should be fine.

7. Location still matters. If there have been changes to the neighborhood, mention them, from a new playground to a new Whole Foods. If the area has been declared a historic or landmark district, let the appraiser know.

8. Keep the $500 rule in mind. Appraisers often value houses in $500 increments, so if there's a repair costing more than $500 that can or should be made, it will count against the property. Fix leaky faucets, cracked windows, missing handrails and structural damage.

9. Remember the concept of "effective age," the age the appraiser can assign to a home after taking into consideration updating and condition. "Say you have a cracked window, threadbare carpet, some tiles falling off the shower surround, vinyl torn in the laundry room and the dog ate the corner of the fireplace hearth," says  Zimmerman, who wrote the book "Challenge Your Home Appraisal" and runs a website by the same name. "These items could still add up to an overall average condition rating as the home is still habitable. However, your effective age will be higher, resulting in comparables being utilized which will have the same effective age and resulting lower value."

10. Lock up Fido and Fifi. Appraisers say they get annoyed enough by homeowners following them around, but a snarling, growling dog is even worse. Along the same lines, try to make the appraiser comfortable — if it's cold out, put the heat on; if it's hot out, the air conditioning. "If it's 100 degrees out and you never put the air conditioning on, put it on for the appraiser so they don't question that your unit is broken," Zimmerman says.

With those things in mind, let the appraiser do his job. "Questions and banter may make the inspection go slow or make the appraiser miss something," said James R. Gerot, a residential appraiser in Ottumwa, Iowa. "My inspections have a rhythm to them, so once I get started, interruptions are just that. Save questions until after."

Article From MSN:   http://realestate.msn.com/10-tips-to-boost-your-homes-appraisal

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A Different Kind Of Appraisal Management Company

AMSNW strives to be a different kind of appraisal Management Company. Our model is designed to maximize the fee we can offer to the appraiser while still providing compliance to the client, including all of the quality control and review provisions, and ensuring appraiser independence. Our goal is to create a positive, constructive relationship with both the mortgage company and the appraiser. We understand the pressure lenders are under to provide timely service to their borrowers, as well as good communication and fast turn times, which makes appraisers a direct reflection on you in their dealings with your homeowners and agents. 



We also understand the benefit of being connected with the most experienced, most professional appraisers available.  Many of the national appraisal management companies are currently attempting to place orders at approximately 30% below the industry standard fee appraisers are used to receiving.  Understandably, they are meeting resistance from experienced appraisers.  Our belief is that by paying a competitive fee, we ensure that the best appraisers remain in the industry, and that the appraisals you order will continue to be completed in the timely, high quality manner you are used to, without substantially raising fees to the borrower.  This also ensures that the lender remains compliant with the current initiative of 'Customary and Reasonable Fees', mentioned in Section XIV of the Dodd-Frank Act.

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