What is an appraisal waiver in real estate?
Mortgage lenders typically require a home appraisal, but in some cases, they may let you skip it.
Jeffrey L. Beal of Real Estate Solutions has 40 years' experience in multiple phases of the real estate industry, and has been a Certified General Appraiser since 1992. As such, he has consulted and testified as an expert in local, state and federal cases in a variety of matters related to real property or interests in real property where there is an issue of valuation, loss in value, damages or taxation. He is also an expert in issues involving zoning and variances. In addition, he is an expert on appraisal ethics and practice. He is comfortable in front of both a judge and a jury having taught appraisal and real estate courses since 2000 (4,000+ classroom hours). His teaching includes certificate, pre-licensing and continuing education courses at two-year and four-year colleges and private real estate schools.
Mortgage lenders typically require a home appraisal, but in some cases, they may let you skip it.
It’s a simpler form of title transfer, used mainly when no money’s involved.
Named for their flagpole shape, these lots have a narrow strip of land leading from the street to the main plot.
A rate lock could help you save money on interest if mortgage rates rise after you apply.
The key? Work with a real estate agent who specializes in relocation.
Often, your first interaction with a mortgage lender is with one of its loan officers.
Want to build a new house while still living in your current one? It takes some financial finesse, and a lot of planning.