Tag Archives: appraisal

Appraisal Delays are gumming up home loans

Your lender does not have to use a management company (AMC) to order an appraisal.  Contact the appraisers at www.scappraisals.com with your appraisal questions.

There’s trouble brewing in appraiserville — and it’s beginning to cost some unsuspecting homebuyers money. If you’re planning to buy in the coming months, be aware.

The problem is part work overload, part resentment over fees. In many markets, diminishing numbers of experienced appraisers are available — or willing — to handle requests for their work on tight timetables and at fees that are sometimes lower than they earned a decade or more ago.

The net result: The system is getting gummed up. Scheduled home sale settlements are being delayed because banks and appraisal management companies can’t find appraisers who’ll do valuations on timetables needed for closing dates in realty contracts. A recent survey of agents by the National Association of Realtors found that appraisal problems were connected with 27 percent of delayed home sale closings, up from 16 percent earlier this year.

In some cases, panicked lenders and management companies are offering appraisers fat bonuses and “rush fees” just to complete valuations to meet deadlines. The extra charges can range anywhere from $200 to $1,000 or more, turning $500 appraisals into $1,200 or $1,500 expenses that typically get paid by homebuyers.

Take this example from a mortgage broker in the Seattle area. Matt Culp, owner of Bainbridge Lending Group, says clients who urgently needed to close on a newly built house — and to move out of their rented dwelling — were squeezed into paying $2,000 for an appraisal that normally would cost $625.

read more at: http://www.chicagotribune.com/classified/realestate/ct-re-0918-kenneth-harney-column-20160913-story.html

Is your home good for solar? Find out

If you’re starting to think about going solar, knowing that your home and solar are a good match makes the shopping process even easier. Here are the top five questions and answers that will help you determine whether solar is right for your home.

Will it add value to your home?  Contact the appraisers at www.scappraisals.com for your value questions.

1. How big is your electricity bill?

The factor that has the biggest impact on your long-term solar savings isn’t how sunny it is where you live – it’s how much you pay for your electricity. If you have high electricity rates, solar can save you major cash, even if you don’t live in the sunny Southwest. Don’t believe us? New Jersey, Massachusetts, and New York are proof: the Solar Energy Industries Association (SEIA) ranked all three Northeastern states in its Top 10 Solar States for 2016.

2. What direction does your roof face?

You might have heard that your roof needs to face south for solar to be a worthwhile investment, but that’s no longer true. While it is true that your solar panels will produce more electricity if they are facing perfectly south, solar makes sense even for homes with east- and west-facing roofs. Since the cost of solar has dropped significantly in the past few years, significant solar savings are possible for you even if your roof doesn’t face perfectly south.

3. What material is your roof made of?

While solar panels can be installed on practically every roof material, some can be more complicated to work with than others. Not every solar company will install PV panels on a slate or cedar roof, so if your home’s roof is made of either of those materials, you will need to seek out an installer who has the experience and ability to work with them.

read more at: http://www.motherearthnews.com/renewable-energy/is-your-home-good-for-solar-find-out-now-zbcz1604.aspx?newsletter=1

disclaimer: for information and entertainment purposes only

Here comes the next huge wave of solar panels

The solar industry is booming. The millionth set of solar panels in the United States was installed sometime in the last two months, and industry leaders expect the number of solar-powered systems to double within two years.

Will solar add value to your home?  Contact the appraisers at www.scappraisals.com, So Cal’s Forerunners in Green Property Appraisals.

That’s a huge deal, experts say. While solar still only makes up 1 percent of the country’s energy mix, the swift rise in solar capacity portends a bright future for an energy source that, less than 10 years ago, a leading solar tech scientist dismissed as “green bling for the wealthy.”

Just 30,000 residential solar installations dotted the country a decade ago. Since then, the cost of generating power from solar has dropped by over 70 percent. Falling production costs, combined with improvements in electricity storage and a decline in the number of coal-fired power plants, has fueled the industry’s breakneck growth, according to Rhone Resch, president and CEO of the Solar Energy Industries Association.

“The power sector is being turned on its head,” Resch told reporters on Wednesday. “The ones that land on their feet are the ones that figure out how to produce clean energy at scale.”

read more at: http://www.huffingtonpost.com/entry/the-next-huge-wave-of-solar-panels_us_572a332fe4b016f37894628c

disclaimer: for information and entertainment purposes only