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Important Industry News:
Pulling comparable sales data for lenders & realtors has proven to be a futile attempt in locking down an estimated value for a particular property prior to the actual appraisal order. In-fact, an appraiser is obligated to pull a complete research packet, conduct a limited inspection of the subject property and analyze the overall quality of the property, condition, age, size and features prior to the determination of an estimated value. To make an estimate of value(oral or written) prior to obtaining a complete work file would be in violation of appraisal standards(USPAP).
There are several Automated Valuation Models (AVM's) available that would provide as close of an estimate of current market value as an appraiser could provide without an inspection, analysis and actual appraisal of the property. Please visit some of these sites.
Mortgage Lender Links:
These are the corporate websites of some of our local area lenders dedicated to the mortgage banking industry. Associated with these companies are loan officers, processors and assistants who are ready to assist you with any mortgage product or question that you may have. I have been working with these companies for more than 5 years and highly endorse their services. Please take a moment to visit their sites.
Copyright © 2006 [James Bobb & Associates, Inc.]. All rights reserved.