Home Appraisal officer
Residential Property Appraisal
Residential Property Appraisals Appraisals of houses are often needed for judicial proceedings. This includes estate planning, filing estate tax returns, divorce and civil disputes regarding construction defects and fraud. Carefully define the purpose of the appraisal and the scope of work with your appraiser prior to entering into an engagement. The scope of work needs to be tailored to the purpose of the house appraisal.
- Quick turn-around time
- EDI available
- Order confirmations and status reports faxed to you
Home Appraisals are time sensitive and critical to financing your home. Numerous requirements must be fulfilled to close the purchase or refinancing of a house. While most house appraisals are to document the value when purchasing or refinancing your house, there are many other reasons appraisals of homes are required. These include estate planning, intra family sales, estate taxes, divorce and expert witness testimony regarding litigation. Appraisals of homes for expert witness testimony require a higher standard of care than routine appraisals. All data should be verified and the circumstances of each sale should be reviewed. The final report should be checked and double checked to avoid any math or typographical errors. We understand timely, accurate, and well documented appraisals are essential in each situation. The accuracy of the appraisal depends on the quality and quantity of available data and the skill and judgment of the appraiser. Appraising highly atypical properties foe which there are few or no comparables is difficult and complex. The more atypical the property, the more difficult the assignment and the less reliable the result.
Single Family Report Types
Homes, Condos, Townhouses and 2 – 4 Family Dwellings in Harris, Montgomery, and Fort Bend Counties. These are our primary service areas. For specialty appraisals of unique properties or litigation engagements, we accept to engagements outside this geographic area.
- Final Inspections (FNMA 442). The final inspection reviews the plans for a house and the completed home to confirm they are consistent. Differences between the plans and the home are noted in the final inspection report.
- Evaluation Report (Freddy Mac, 704)
- Desk Review. A desk review typically is an independent review of an appraisal report completed by an appraiser in a different firm. In most cases, the appraiser does not inspect the property or reach a separate value conclusion. However, it is possible to engage a more thorough review of an appraisal.
- Re-certification of Value
- Drive-by Appraisal (URAR 2055) with Interior
- Drive-by Appraisal without Interior.
- Limited Appraisal with Inspection (Form 2075)
- Complete Appraisal (Form 1004, properties
- Complete Appraisal (Form 1004, properties >$1,000,000)
- Vacant Lot
- ERC Appraisals
- FHA Appraisals
- 2 – 4 Family/Income Properties
» Click here to order a Residential Appraisal
For more information
e-mail George Thomas
or call
713-686-9955
.Appraisal Fax: 713-686-8336
O’Connor & Associates is a national provider of commercial property real estate consulting services including cost segregation studies,
market research
,
property tax appeals
,
due diligence, insurance valuations, abandonment studies, business personal property valuations, commercial appraisals, financial modeling, highest and best use analyses, and lease audits.
Our services benefit owners of all commercial property types including multi-family housing, retail stores, hospitals, hotels, industrial properties, manufacturing facilities, medical offices, commercial offices, restaurants, self-storage units, shopping malls, shopping plazas and warehouse/distribution centers.
About the Author
Patrick C. O’Connor has been president of O’Connor & Associates since 1983 and is a recipient of the prestigious MAI designation from the Appraisal Institute. He is also a registered senior property tax consultant in the state of Texas and has written numerous articles in state and national publications on reducing property taxes.
What is there left to do now that my mortgage is approved?
I’m purchasing a home with an FHA loan. The loan is approved, and I today I submitted a signed application addendum with the purchase address on it as well as a couple additional requested docs. The loan officer said that he would send it to underwriting today, although they are already working on my loan. The appraisal was done last week. What is there left to do? What do I need to do besides a final walkthrough and to show up on closing day? Please explain the process, thanks!
Well you are in the home stretch! Your loan officer is probably taking care of everything and if you need anything else he will let you know. You may need some insurance quotes but the loan officer/processor might be doing that for you- can’t hurt to look for yourself too.
After all those items are clear that you gave to the loan officer then you can close on your house at the title company, sign a bunch of papers, then you move in!
Loan Officers and Mortgage Brokers
Why Did Banks Give Home Loans to People Who They KNEW Couldn’t Pay?
→ Washington’s Blog William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – explained last month before to the Financial Crisis Inquiry Commission why banks gave home loans to people who they knew couldn’t repay. The whole piece is a must-read, but here are excerpts from the introduction: The data demonstrate conclusively that most liar’s loans …
In a perfect world, you have to have willing buyer and a willing seller. Neither is under duress. home appraisal officer Both are in a position to maximize gain and are trying to do this. But in the real world, things are rarely that simple and equally balanced. home appraisal officer Which is why people feel differently about the appraisal value of a house.