Luxury home appraisal is a niche that’s both exciting and challenging. If you’re thinking about specializing in this area of real estate appraisal, you may want to educate yourself on the specific challenges you’ll face so that you can avoid making common errors. In…
Last month (April), we asked our CE Plus members, “Who is your favorite fictional real estate agent?” The winner was Phil Dunphy from Modern Family with 62.5% of the votes. Keep reading to learn what other TV real estate agents made the list. Who…
If you’re a real estate appraiser looking for an exciting new challenge, luxury home appraisal is a desirable niche to consider breaking into. Just for fun, we recently asked our appraisal community, “Which fictional luxury home would you want to appraise?” Answer choices ranged…
If you’ve ever wondered how Shakespeare wrote King Lear in self-isolation when all you can do is witness your weekly screen usage slowly increase in between trips to the fridge: you’re not alone. Maybe you started quarantine thinking you could get so much more…
On May 5, 2020, Fannie Mae announced that the temporary appraisal flexibilities that were outlined in Lender Letter 2020-04 (LL-2020-04) have been extended until June 30, 2020. The revised Lender Letter can be found here. Freddie Mac made a similar announcement, also extending their…
Prefabricated homes are an important part of the American housing market. There are many advantages to building a house in a factory. For example, a factory-built home can be constructed for 50% less than a similar-sized site-built home; this makes quality housing more affordable…
Whether you’re a newly-licensed agent or you have years of experience under your belt, it’s crucial to display confidence in your knowledge and capabilities. That’s why we talked to national real estate coach Sherri Johnson to learn her advice on how to exude confidence in real…
In 2018, Fannie Mae launched its MH Advantage® program to help ease the nation’s affordable housing shortage by providing financing on modern, high-quality manufactured homes. This loan program combines features, like a low down payment, with the lower price and customizable finishes of modern…
It’s no secret that, when it comes to the real estate market, competition is the name of the game. So, in an age when prospective buyers can see inside the living room of a home for sale 2,000 miles away, adapting your online marketing…
Appraising multiple-unit properties is usually more complicated than appraising single-family homes. Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. Generally, appraisers use the market approach when appraising multiple-unit properties. They will…
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