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Occupational Hazard
Just came across this while organizing my photo albums. A monstrously large (4-5″) spider I saw while measuring a home in IL during the summer of 2021.
Appraisal Scope of Work
Fair Cash Offer Advertisements
A fair cash offer is not Market Value! It is not consistent with any of the common value definitions such as Market Value, Fair Cash Value, or Liquidation Value. A fair cash offer is whatever the buyer wants to offer you with the word fair added in front of it!
Appraisal Scope of Work FNMA/FHLMC Related
Updated vs. Remodeled
What’s the difference? An updated home has minor modifications to meet current market expectations, improving look and functionality without major structural changes. A remodeled home, however, undergoes significant alterations, potentially including complete replacement of components, relocation of fixtures, or structural changes. Understanding this distinction is crucial for homeowners and buyers.
Funny Stuff
Redneck Deck
Notice this is built on top of two rows of shipping pallets? I’m guessing that is not even close to code. It looks level at least.
Appraisal Scope of Work FNMA/FHLMC Related
New FNMA Standard = Lower Values
FNMA & FHLMC’s recent decision to require the use of the ANSI residential measuring standard will result in lower (and less accurate) value estimates for many home owners and more delay and confusion in an industry already besot with scope of work increases and lender overlays.