Tag Archives: maryland certified appraiser

COMMENTS & EXPLANATIONS

By Mitch | Published: January 27, 2010
Subject’s Sub-Market Seller-(developer, builder, etc.)paid financial assistance prevalent? Explain in detail the seller concessions trends for the past 12 months (e.g., seller contributions increased from 3% to 5%, increasing use of buydowns, closing costs, condo fees, options, etc.). Seller concessions are significant in the market place and typically reflect a higher price structure with concession [...]
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Fannie Mae’s market value definition and what it means to an appraiser

By Mitch | Published: January 25, 2010
Fannie Mae’s market value definition and what it means to an appraiser Jan. 2010 by Carlton Mitchell Certified Residential Appraiser in Maryland and Virginia. The market value definition is pre-written in FNMA’s appraisal forms. Here is the market value definition: DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a [...]
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