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How Are Non-ANSI Compliant Bedrooms Treated?

The Appraisal Cast

Release Date: 02/16/2023

What Are Some Of The Craziest Things You've Seen As An Appraiser? show art What Are Some Of The Craziest Things You've Seen As An Appraiser?

The Appraisal Cast

In this episode, Ryan Bays shares some funny stories about finding folks asleep during the inspection, and a couple of lessons we can all learn from situations like these.   The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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FAQ #18:  Why Don't Appraisals Follow Common Sense? show art FAQ #18: Why Don't Appraisals Follow Common Sense?

The Appraisal Cast

Have you ever tried to apply 'common logic' to the appraisal process?  How about this:  have you ever said, "Market value is whatever someone wants to pay for a house" ?  If so, you'll want to listen to this podcast.  Ryan discusses that question, as well as more in this episode.   The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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Why Do I Need To Get My Home Appraised Before I List It For Sale? show art Why Do I Need To Get My Home Appraised Before I List It For Sale?

The Appraisal Cast

If you're about to list your home for sale, you may be thinking about getting it appraised first.  In this podcast, Ryan discusses several reasons why it's a good idea to get your home appraised before listing it for sale. Be sure & listen all the way to the end for a little surprise from Ryan! The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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What Can I Do To Increase The Value Of My Home? show art What Can I Do To Increase The Value Of My Home?

The Appraisal Cast

It's one of the questions on everyone's mind.  What can I do to increase the value of my home?  In this episode, Ryan discusses some improvements you really should consider, some you should not consider, and others that might be necessary, but won't likely return much in market value.     The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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Can I Ask For A Different Appraiser? show art Can I Ask For A Different Appraiser?

The Appraisal Cast

The appraisal has been ordered on the home, and the appraiser has reached out to schedule the inspection.  But it's that appraiser.  You know, the one you don't want.  Is it ok to ask for a different appraiser?  Or is it ok to complain to the lender and get the appraiser reassigned?  Ryan looks at the answer and gives a warning in this episode.  You don't want to miss this one if you're in sales or lending!   The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to...

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Who Should Be At Home During The Appraisal? show art Who Should Be At Home During The Appraisal?

The Appraisal Cast

We get this question a lot, and it's a unique question in that it gets asked before the apprasal:  "Who should be at the home during the appraisal?"  Ryan offers several answers to this question, and why he thinks its best if a seller is there.   The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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What In The World is Going On With Fannie Mae? show art What In The World is Going On With Fannie Mae?

The Appraisal Cast

In this eposide, Ryan Bays discusses the latest Fannie Mae Selling Guide Update, and how it will impact loan officers, Realtors, homeowners, and appraisers. To read the full Update, visit: https://singlefamily.fanniemae.com/news-events/announcement-sel-2023-02-selling-guide-updates The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:        

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How Will the Appraisal Affect My Property Taxes? show art How Will the Appraisal Affect My Property Taxes?

The Appraisal Cast

In this eposide, Ryan Bays discusses how a typical appraisal (for refinance or purchase) may or may not impact your property taxes.  One of the frequently asked questions we get from homeowners is "How will the appraisal affect my property taxes?"  No one wants us to send the appraisal to the assessor!  Listen to our latest podcast and get the answer to this FAQ. The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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Which Appraisal Method is the Best? show art Which Appraisal Method is the Best?

The Appraisal Cast

In this eposide, Ryan Bays discusses the various methods, or approaches to value.  We discuss the Sales Comparison Approach, the Cost Approach, and the Income Approach.  After listening, you'll have a basic understanding of all three approaches, and when each might be employed. The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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What Do I Need To Do About Peeling Paint? show art What Do I Need To Do About Peeling Paint?

The Appraisal Cast

In this eposide, Ryan Bays discusses when peeling paint can be an issue, and how to deal with it.  Be sure and listen to find out what structures an appraiser will be inspecting during an appraisal, and then the three most important steps in repairing peeling paint. The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books: The Loan Officer's Guide to Appraisals The Realtor's Guide to Appraisals The Homeowner's Guide to Appraisals Check them out here:  

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More Episodes

Recently, a Realtor friend of mine had a listing with three bedrooms and one bathroom.  However, the only bathroom and two of the bedrooms didn't have 7' high ceilings, required by ANSI.  What were his options?  Did he have to advertise the home as a one bedroom, zero bathroom home?  Find out in this episode when we answer the question, "How are Non-ANSI compliant bedrooms treated?"

The Appraisal Cast is sponsored by The Guide To Appraisals series of E-Books:

  • The Loan Officer's Guide to Appraisals
  • The Realtor's Guide to Appraisals
  • The Homeowner's Guide to Appraisals

Check them out here:

 https://riverfrontappraisals.com/guides/

 

For the Fannie Mae FAQ document discussed in today's episode, click here.