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| Yahoo! News: Business News Updated : Wed, 10 Mar 2010 12:31:26 GMT Commercial delinquen... AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Publ.Date : Tue, 09 Mar 2010 19:41:53 GMT Greek strike to shut... AP - Greek unions say nationwide strikes will shut down all public services, closing schools, customs and tax offices, halting public transport and grounding flights for 24 hours. Publ.Date : Wed, 10 Mar 2010 11:07:43 GMT Dollar General sues ... AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors. Publ.Date : Wed, 10 Mar 2010 00:48:59 GMT Nationalized UK bank... AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell. Publ.Date : Wed, 10 Mar 2010 08:47:59 GMT E.On 2009 net income... AP - Germany energy company E.On AG said Wednesday that 2009 net income rose sharply to euro8.4 billion ($11.4 billion) partly as a result of the disposal of assets. Publ.Date : Wed, 10 Mar 2010 09:41:31 GMT U.S. SEC's chief... Reuters - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday. Publ.Date : Tue, 09 Mar 2010 20:15:45 GMT GM Daewoo vows to re... AFP - GM Daewoo, the South Korean unit of struggling US auto giant General Motors, said Wednesday it intends to return to profit this year and currently needs no further financial support from creditors. Publ.Date : Wed, 10 Mar 2010 06:57:41 GMT Portugal sells $1.34... AP - The head of Portugal's debt agency says a euro990 million ($1.34 billion) bond auction was oversubscribed, suggesting the government's austerity plan has eased market concerns about the country's high debts. Publ.Date : Wed, 10 Mar 2010 12:31:26 GMT Bank of America ends... AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees. Publ.Date : Wed, 10 Mar 2010 11:45:22 GMT UK's Brown paves... AP - Britain's economic recovery remains fragile, British Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks. Publ.Date : Wed, 10 Mar 2010 12:29:36 GMT Senate to pass joble... AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt. Publ.Date : Wed, 10 Mar 2010 12:30:28 GMT Amazon RSS |
Getting Ready for your Appraisal
Finish ALL work in progress if at all possible before your appraisal appointment. Often people will find their remodel project will end up running over budget. This can be due to unforeseen issues, or once the project has been started, it is decided to do more first planned.
For loan purposes, any unfinished projects over the sum of 1000.00 dollars can become a major issue to your lender. This can lead to the lender requiring an appraiser to return to the property and submit a work completion form. This adds additional fees to your original appraisal, as well as lost time in getting the loan. When in a 30 day escrow this can add unnecessary stress to your real estate transaction. Appraisers do not look at house keeping! While a first impression is important, focus on the structure itself. Clean up the exterior. Clean the carpets if needed. Clip bushes away from the house. Generally an appraisal will contain 6 photos (required), including the front, rear, street scene, kitchen, living room, and 1 bath. Additional photos may be taken by the appraiser to show recent improvements or to take note of something they will make a comment on in the appraisal report. It's a good idea to make all of those extra little repairs and cleanup that you may have been putting off before the appraiser arrives at your door. |