Preparing for an Appraisal Inspection

Appraisal IndustryBy Colby StearnsMay 15, 2019

An appraiser’s job is to examine properties on an objective basis and state how much they would be worth on the market; this is based on a number of factors like the condition of the property, the functionality of utilities, where the house is geographically located and so forth. How the borrower addresses any issues or…

How Fluctuating Interest Rates Affect Appraisals

Appraisal IndustryBy Colby StearnsMay 1, 2019

As of April 5th, interest rates have been falling which is leading to a resurgence of refinancing in the housing market. Why is this and what effect does this have on the appraisal industry? Interest rates have a profound effect on supply-and-demand, capital flows, and investor’s required rates of return on investment. When interest rates…