{"product_id":"9780692995228","title":"Your Real Estate Appraisal","description":"Notes for the Homeowner.\u003cbr\u003eWhat is an appraisal? \u003cbr\u003eUnderstanding an appraisal.\u003cbr\u003eCommon Appraisal Mistakes. \u003cbr\u003eAnalyzing Markets and What is a Neighborhood? Competing Markets, Market Area, Competing Markets, Market Stabilization, Increasing and Declining Markets, Market Conditions Report and Neighborhood Analysis \u003cbr\u003eComparable Selection.\u003cbr\u003eHow is an Adjustment Calculated?\u003cbr\u003eHow a Reconciliation Reads?\u003cbr\u003eQuality of Data and How it affects Real Estate Appraisals? \u003cbr\u003eRebuttals and Creating One. \u003cbr\u003eUnacceptable Appraisal Practice, Appraisal Review. \u003cbr\u003eThings That May Kill the Deal.\u003cbr\u003eReal Estate Investment and Things to Avoid. \u003cbr\u003eBuying a \"Rehabbed\" Property. Sales via For Sale by Owner, Advice for the First Time Homebuyer.\u003cbr\u003eYour Appraiser, Inspection Issues and FHA Inspections. \u003cbr\u003eDrive by Appraisals, USDA, Your Appraiser and Home Inspectors.\u003cbr\u003eWho is Managing the Appraisal Process?\u003cbr\u003eThis text discusses the appraisal process and all its facets as they relate to the mortgage industry at large. A borrower applying for a loan should know how this may affect them. Most would agree it is better to know beforehand if there is going to be problem, or at least understand what the reasons are when one arises. \u003cbr\u003eMost of us will encounter the work of a real estate appraiser at some point in our lives. The result could be completely uneventful, but problems may arise. What happens if the property's appraised value is lower than expected? Several things could happen. In some cases, a buyer will have to renegotiate the contract. If a homeowner has applied to refinance their property, they may move forward but with a higher interest rate and may have to pay PMI (Private Mortgage Insurance). In other situations, the loan may be denied due to insufficient collateral, since the appraised value was lower than expected. The appraisal process is complicated, certainly expensive, and sadly sometimes leads to no result. \u003cbr\u003eThe industry is not perfect, and the appraiser has limitations on what they can or cannot do. Some limitations may cause borrowers to be frustrated. Market practices, a lack of data to support any other adjustment and restrictive Lender guidelines are common irritations. Then again in some cases, we do make mistakes, and it would be helpful for the borrower to identify them and have options to find a resolution. \u003cbr\u003eThe average reader should be able to understand an appraisal report, at least to the point where it makes sense. This text endeavors to help in that process, yet in no way pretends to be complete due to the complex nature of the industry and appraisal practices, nonetheless most topics are discussed in depth.","brand":"Your Real Estate Appraisal","offers":[{"title":"Default Title","offer_id":47014304383216,"sku":"9780692995228","price":12.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780692995228_p0.jpg?v=1763618785","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780692995228","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}