Natural Disasters and the Appraisal Industry: What to Expect
- Appraisers
- 10/10/2018
Just as quickly as they approach, the holidays will be over, and you know what that means – tax season. Last year, President Trump signed a new tax plan into law for 2018. The new law changed the federal income brackets, which should result in more money in your pocket at the end of the year.
READ MOREThe next big storm is set to hit landfall in the U.S. today. After devasting destruction to the Carolinas from Hurricane Florence, Tropical Strom Michael has been upgraded to a Category 4 Hurricane by the National Hurricane Center and is set to hit Florida’s panhandle today. According to Moody’s Analytics, the estimated property damage and disruption from Hurricane Florence is expected to reach up to $22 billion. No news yet on the predicted damage from Hurricane Michael.
READ MOREThe real estate market has been hot over the past few months but has recently slowed down a bit across the country. Despite the slowdown, some markets are still on fire due to low unemployment, strong new job opportunities, and people in search of a better quality of life.
READ MOREIf you’re refinancing or selling your home, you’ll need an appraisal. Appraisers look at square footage, materials, amenities, and the condition of the home and will compare your home to other homes that have recently sold in your area.
READ MORESince the 2008 housing crash, the federal government implemented new laws to ensure quality appraisals. Mortgage lenders can no longer go directly to an appraiser. Instead, lenders must provide a separation between the appraiser and originator.
READ MORETechnological advancements and the continued push towards the digital world, customer service is often no longer the priority for many businesses. We communicate solely through emails, social media, and texts where customers and clients are just an email address or phone number instead of a handshake and warm smile.
READ MORE