Course overview

This course is designed to help people in the real estate industry have a better understanding of the appraisal process.

We will cover the appraisal process from start to finish and point out areas that can typically cause concern for the parties involved.

How the appraisal relates to various types of financing will also be covered (VA, FHA, Rural Housing)

The desired end result will be to help smooth out the real estate transaction and when possible avoid an otherwise avoidable blown deal.

1.Who is the appraiser (Friend of Foe!)

What rules are appraisers governed by?

Who is the appraisers client?

What is the primary function of the appraisal?

2. The anatomy of an appraisal.

The forms.

The attachments (flood map determinations-et)

Comparable sales.

3. Lenders requirements

FHA

Rural Housing

Secondary market

In House

4. Pitfalls & problems (avoidable?)

#1 way to avoid an appraisal problem.

Lead paint, asbestos et.

Health & safety

Marketability issues

Helpful web sites, email and phone numbers.

3 hours