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RE Blog
A SEATTLE
APPRAISER'S BLOG |
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HVCC Ready |
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02/21/2009 08:57AM Pacific |
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Posted by Stan Wagenhals |
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HVCC Ready
There has been a lot of buzz going around regarding our
industry, of which you are all very very aware. Some
changes are for the better and some seem like they may be for
the worse. But the bottom line is: there will always be a
need for lending, real estate and support services. And
with this comes a very important part of it all: APPRAISING!
The primary change we will be
facing is that the Mortgage Broker will no longer be able to
order the appraisal in transactions that will ultimately be sold
to Fannie/Freddie. The order will need to come either from
the lender, or, via an Appraisal Management Company
(intermediary). For all other appraisals, it's business as
usual.
Through the changes in the
industry, our office has stayed on top of the news in order to
be able to provide you with the information necessary to order
and obtain an appraisal for all your lending needs. We
have been working with not only the local and national
government, but with all the necessary agencies as well
including the NAIFA and the HVCC in order to maintain up-to-date
information on the professional practice and use of appraisals.
If you have any questions
regarding appraising, the HVCC or how it pertains to lending,
please let me know. I would be happy to answer any
questions you may have, after all: more knowledge makes your
business better.
At
Anchor
Appraisal, we are ready to help you through these changes. Offering a wide range of services for most residential properties, we can accommodate your valuation needs in any of the five counties of the Seattle Metropolitan Area including
King,
Pierce,
Snohomish,
Thurston and
Kitsap Counties.
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ANCHOR APPRAISAL | COMMENT | ORDER AN APPRAISAL |
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NOW FHA APPROVED! |
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10/12/2008 11:47AM Pacific |
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Posted by Stan Wagenhals |
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FHA Appraisals In
our constant effort to make us a better business partner for our
clients, we have now added FHA appraisals to our list of
services here at Anchor Appraisal. With the number of FHA
loans increasing, I want to be able to help you help your
clients.
Already I have seen a jump
in the number of FHA appraisals ordered. Here at Anchor
Appraisal, we are ready to charge forward with your FHA
appraisals!
At
Anchor
Appraisal, we are ready to help you through FHA appraisals. Offering a wide range of services for most residential properties, we can accommodate your valuation needs in any of the five counties of the Seattle Metropolitan Area including
King,
Pierce,
Snohomish,
Thurston and
Kitsap Counties.
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ANCHOR APPRAISAL | COMMENT | ORDER AN APPRAISAL |
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Estate Appraisals
for Estate Liquidation |
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05/14/2008 03:10PM Pacific |
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Posted by Owen Wagenhals |
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Estate Liquidation
The loss of a loved one is a trying time for all parties involved. Here at
Anchor
Appraisal, we understand that sentiment and are here for you to offer any services that you may need in home valuation.
The reason an appraisal is required in the dissolution of an estate is to ascertain that the real property is valued appropriately to ensure that the estate will be divided among survivors as accurately as possible in accordance with any person’s living will.
Generally, the largest single asset in any person’s estate is their home or other real property. Upon passing, or probate, an appraisal may be required in order to determine the “Market Value” of any residential property involved in the estate settlement. “Market Value” is the culmination of the appraisal report. It is the figure that states how much a home is worth and how much a prospective home buyer would pay for the property under current market conditions in current average market time.
And the first step of getting an appraisal for estate purposes is finding the right appraiser, a duty reserved for the Executor of the Estate or any other person described for that duty in the will or by the Executor themselves. At
Anchor
Appraisal, we are ready to help you through this tough time. Offering a wide range of services for most residential properties, we can accommodate your valuation needs in any of the five counties of the Seattle Metropolitan Area including
King,
Pierce,
Snohomish,
Thurston and
Kitsap Counties.
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ANCHOR APPRAISAL | COMMENT | ORDER AN APPRAISAL |
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An End to
"Prior-to-Funding Conditions" |
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04/17/2008 02:37PM Pacific |
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Posted by Owen Wagenhals |
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Doesn't it seem like the lending underwriter is always out to
get you?
At Anchor
Appraisal, we understand that sentiment and continually strive
to produce appraisal reports that are not only 100% USPAP
compliant, but that are also review-proof! We understand
what the lender is looking for and we make sure to cater to
them, so that you don't have to!
The foundation of our
research is based on fourteen years of appraising experience and
twenty-five years of housing market experience. With this
background, we begin to compile the data for each individual
report, carefully pouring over all relevant information in order
to produce a list of the most comparable sales in the
neighborhood.
We generally put a few
extra comps into each report to ensure that the subject property
is as adequately bracketed as possible. We make sure to
bracket all aspects of the house from size, to year-built to
number of bedrooms.
Once the report has been
compiled, each and every report is reviewed to make certain that
all the i's are dotted and that all the t's are crossed.
That way, when you send the report to the underwriter, you
have a greater chance of pushing it through without any "prior
to funding conditions!"
PS. Don't forget! We always strive for 24-hr turn times with no extra charge!
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ANCHOR APPRAISAL | COMMENT | ORDER AN APPRAISAL |
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Always a Rush
Order | Never a Rush Fee |
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03/25/2008 11:42AM Pacific |
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Posted by Owen Wagenhals |
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 Ten years ago, appraisals took time. There was no
internet, no cell phones and a fax machine was like a visitor
from another planet. An appraiser working on a rush order
may have stopped by the store to develop film on the way back from the appraisal inspection, rather than waiting until the next business day. Ten years ago, an appraiser receiving a rush order may have moved the rush file to the top of the paper pile to be typed out at his earliest convenience. Ten years ago, an appraiser may have taken an entire day away from inspections just to get to the county assessor’s office to gather the appropriate paperwork for a rush order. Ten years ago, a rush order may have been overnighted for quicker delivery.
It was just impossible to get an appraisal done quickly. For these reasons, among others, the RUSH FEE was created.
But times have changed. We now snap digital photos, viewable from our cameras (and in some cases, printable on the spot). We have software programs that are EDI capable—that can send an appraisal around the world multiple times per second on the world wide web.
The days of waiting for an appraisal are over!
At Anchor Appraisal, we are proud of our business ethic. We recognize your need for a fast, accurate appraisal, with little or no extra fees. For this reason, we are happy to offer RUSH SERVICES at no extra charge for you. We are dedicated and do our best to put an appraisal on your desk by the next business day after inspection.
At a local Chamber of
Commerce meeting, I was asked what makes my company special.
I replied, "We have one-day turns on reports." My
interviewer chuckled and said something along the lines of
"...well that's nice, but what really makes your company
special." I smiled and calmly retorted: "We have one-day
turns on reports."
FAST. ACCURATE.
APPRAISALS. It's my specialty. Give me a call! |
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ANCHOR APPRAISAL | COMMENT | ORDER AN APPRAISAL |
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The Beginning of
the Blog |
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03/13/2008 03:16PM Pacific |
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Posted by Owen Wagenhals |
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First off, I would like to thank you for taking the time to read this blog. And secondly, I would like to applaud your interest in either Real Estate or the Seattle Metro Area or, more reasonably, both.
Anchor Appraisal is a residential real estate
appraisal firm based in the Seattle, WA area.
With that said, I guess I should tell you a little about myself and the company I represent.
My name is Stan. I’m the lead guy here at Anchor Appraisal of Puget Sound, LLC—that’s just Anchor Appraisal for short—a small residential real estate firm based in the Seattle Metro area. Our office is located in Federal Way, Washington, a bedroom community well within the urban growth reach of both Seattle and Tacoma. Consequently, Federal Way is equidistant from Everett and Olympia as well as North Bend and Bremerton. Every nook, cranny and corner of the greater
Seattle-Tacoma Metropolitan Area is within reasonable distance from our growing community. This is one of the reasons we have grown to become so professionally competent in appraising across the whole Puget Sound Basin. For more information on Federal Way or on doing business in Federal Way, please visit
www.federalway.org or
www.federalwaychamber.com.
Like I mentioned, I’m the lead guy here. I’m not only the appraiser,
but the receptionist, note-taker, problem-fixer, organizer, scheduler, editor, accountant, marketer, advertiser, customer relations manager, janitor,
gofer and go-to-guy. I’m here to take care of you and your needs. I’m always here to answer the phone when you call or to call you back immediately when I’ve missed your call. You can count on me to make business with Anchor as pleasant as possible.
I have been appraising in the greater Seattle Metro Area for over 14 years—all of those years based right in Federal Way, our wonderful metropolitan middle point.
I've been a home designer and builder since moving to
Washington over 25 years ago. For this reason, I am greatly skilled in the knowledge necessary to accurately valuate a home and property. And on top of
25 years of field experience, I have accumulated enough educational hours in Real Estate Appraising to earn a Masters-equivalent standing!
I am vigilant in certifying that each and every
appraisal that leaves this office will not only pass
review, but will also be compliant with USPAP, NAIFA
and HVCC standards and codes of ethics.
And this is where I’m going to drive the point home. Are you ready? We have 24-hour turn times with no extra charge! Fast, accurate appraisals. That’s what we do.
Stay tuned for more information on our company, real estate appraising, Federal Way and the greater Seattle-Tacoma area.
PS. Don't forget! We have 1-Day turn times with no extra charge!
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ANCHOR APPRAISAL | COMMENT | ORDER AN APPRAISAL |
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