My New Blog

Just when you think things are going to calm down and you have learned all the new rules and procedures another change comes. You can be in real estate for 15 years and not have a clue what is going on in today's world. It is very important to keep updated on all the rules and changes of real estate around you. No one has the upper hand anymore we are all scrambling trying to learn new successful ways of making money in this bad economic times. The new HVCC guidelines have impacted alot of companies, lenders, mortgage brokers appraisers and realtors. Do I hear good things about the HVCC? More bad than good but we have to get used to it right? Now in 2010 FHA is going to be implementing some of the HVCC guidelines for theirselves. How do we keep up with all the rules and changes? I have mortgage brokers telling me not to proceed with the order they just gave me because they forgot the new rules and weren't allowed to order it yet. I hear how the new HVCC is bombing alot of deals and its all because of the imcompetent appraiser. The blame game gets old and its not our fault values have plummeted. Now is the time realtors, mortgage brokers and lenders should be looking at closed sales also. Whatever happened to realtors doing CMA's? Are they really that shocked when the appraisal comes back and the deal is not justified? If so I worry. Remember it is FAIR market value not the highest not the lowest. There are alot of hurdles just to get to closing. Sometimes its like running a non-ending marathon doing everything you can to get to the end for another obstacle to just slow you down. We sure are working hard for our money now. It will get better. Economists say to secure your job the unemployment rate is going to increase. With these words I will do my best as an appraiser and try to keep up with all the rules so I can spread the word.

Sincerely,

Kara L. Sedlak