How Appraisals Affect Your Home Loan Approval
Discussing home appraisals, home loans, and strategically working with an appraiser with Irvin Lopez from CrossCountry Mortgage. Follow Irvin on Instagram at @irvinlending.
Thinking about buying a home this year? Click here for an article breaking down the advantages of buying vs renting: https://www.orianashea.com/blog/the-p...
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The Oriana Shea Group represents the Long Beach region’s finest properties with exceptional skills using the most innovative technologies available. Their years of full-time experience have given them a clear understanding of the mindset of home buyers and sellers and a thorough understanding of the regional marketplace.
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Chapters:
00:00:00 - Appraisal Issues with Multiple Offers
00:01:22 - Evaluating Property Values
00:02:45 - Factors affecting purchase price
00:04:04 - Termite Reports and Loan Types
00:05:23 - Meeting the Appraiser
00:06:38 - The Issue of Appraisals and Low Inventory
00:07:56 - The Role of the Appraiser in the Real Estate Market
00:09:07 - Challenges with Appraisals
00:10:22 - Communication Between Lender and Agents
00:11:31 - Helping the Appraiser Get the Job Done