JWD APPRAISAL SERVICE BLOG

May 23rd, 2019 2:35 AM
Now is the best time to maintain and test you air conditioning unit. If you like, you can easily test the performance of your central air conditioning unit your self. The first thing you need to do is change your air filter. Restrictive air flow can damage the unit and also, will prevent you from getting accurate test results. Next, tape a thermometer to the air supply vent that is closest to the unit. Let the unit run for 10 minutes, and record the temperature. Then, tape a thermometer in the same exact way to the air return vent, that is closest  to the unit, let the unit run for the same time, and record the temperature. If there is less than a twenty degree difference, you should consider calling a reputable repair service. It may be a small issue at the time, but if you let it go, the issue will get worse, and needless to say it will break down when you need it the most, so don't wait.

Posted in:Spring tip.
Posted by JOSEPH D'ONOFRIO SCRREA on May 23rd, 2019 2:35 AMLeave a Comment

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April 23rd, 2019 3:08 AM
Check around your dryer vent inside and outside your home. Be sure there is not a build up of lint or any debris. A build up of lint and debris in these areas can definitely be harmful to your dryer function and could also cause a fire.. Inspect  your fireplace. Check the Firebox and Chimney. If there any signs of ware, cracking or if it has been sometime since your last inspection, contact a reliable and reputable chimney sweep to inspect and make any necessary repairs. Now is the best time to do this, to be ready for the next time you need to utilize your fireplace. The busiest times for Chimney sweeps are October, November and December. If you put this off till then, you could find yourself waiting weeks for an appointment and paying premium prices. 

Posted in:General
Posted by JOSEPH D'ONOFRIO SCRREA on April 23rd, 2019 3:08 AMLeave a Comment

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April 21st, 2019 12:02 PM
Wishing everyone Happy Holiday's!!!

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Posted by JOSEPH D'ONOFRIO SCRREA on April 21st, 2019 12:02 PMLeave a Comment

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April 15th, 2019 3:54 PM

Use Compacted Soil

Low areas in the yard or next to the foundation should be filled with compacted soil. Spring rains can cause yard flooding, which can lead to foundation flooding and damage. Also, when water pools in these low areas in summer, it creates a breeding ground for insects.

Posted in:General
Posted by JOSEPH D'ONOFRIO SCRREA on April 15th, 2019 3:54 PMLeave a Comment

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March 30th, 2019 1:29 AM

Check the Gutters

Check for loose or leaky gutters. Improper drainage can lead to water in the basement or crawl space. Make sure downspouts drain away from the foundation and are clear and free of debris.

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Posted by JOSEPH D'ONOFRIO SCRREA on March 30th, 2019 1:29 AMLeave a Comment

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March 25th, 2019 1:19 PM
Use a screwdriver to probe the wood trim around windows, doors, railings and decks. Make repairs now before the spring rains do more damage to the exposed wood.

Posted in:General
Posted by JOSEPH D'ONOFRIO SCRREA on March 25th, 2019 1:19 PMLeave a Comment

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March 18th, 2019 11:35 AM

Examine Roof Shingles

Examine roof shingles to see if any were lost or damaged during winter. If your home has an older roof covering, you may want to start a budget for replacement. The summer sun can really damage roof shingles. Shingles that are cracked, buckled or loose or are missing granules need to be replaced. Flashing around plumbing vents, skylights and chimneys need to be checked and repaired by a qualified roofer.

Posted in:General
Posted by JOSEPH D'ONOFRIO SCRREA on March 18th, 2019 11:35 AMLeave a Comment

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April 13th, 2018 12:30 PM
The process of a bankruptcy requires the debtor to create an expense report illustrating the net worth of their assets. In order to get a true reading of the value of their property, an appraisal is necessary. It is the responsibility of the homeowner to get the appraisal.

Posted in:General and tagged: #banruptcyappraisal
Posted by JOSEPH D'ONOFRIO SCRREA on April 13th, 2018 12:30 PMLeave a Comment

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April 30th, 2014 3:52 AM

 

The time to complete a home appraisal varies and depends largely on the size of the property being inspected. Appraisers measure the exterior of the home to obtain the correct gross living area. They also walk through the property, taking notes and pictures to assess physical features such as number of bedrooms, additions, upgrades, improvements and/or deferred maintenance that can increase or decrease the value of the home. Anticipate the inspection lasting a minimum of 30 minutes.



Posted in:General
Posted by JOSEPH D'ONOFRIO SCRREA on April 30th, 2014 3:52 AMLeave a Comment

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One of the required services when buying or selling a home involves an appraiser. Consumers should know that various valuation products (appraisals, AVMs, BPOs) may produce different values and cause confusion for borrowers.

You should understand the differences between the valuation products they may receive before closing on a home loan and the relative reliability of each product. When reviewing valuation products, keep in mind that:

An Appraisal is an opinion of value performed by a professional state-licensed or -certified appraiser. It complies with the Uniform Standards of Professional Appraisal Practice (USPAP), which requires appraisers to be independent, objective, and impartial. An appraiser must remain unbiased and produce an opinion of value that is credible, or worthy of belief. An appraisal by a competent professional appraiser is the most reliable of all valuation products.

An Automated Valuation Model (AVM) is a computer-generated estimate of a property’s value that a lender might use in some circumstances to assist in evaluating the collateral for a mortgage. The output of an AVM is heavily dependent on the quantity and quality of the data input. With proper use, an AVM can help support the findings of an appraisal, but when used alone its output may not be credible.

A Broker Price Opinion (BPO) and a Comparative Market Analysis (CMA) is typically prepared by a real estate broker and is another tool a lender might use to evaluate the collateral for a loan. A BPO, as originally intended, does not comply with USPAP, and may not be credible.   Real estate brokers are not obligated to comply with USPAP and its corresponding appraiser independence requirements. BPOs were designed for brokers to assist home buyers and sellers in arriving at a list or purchase price.


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Posted by JOSEPH D'ONOFRIO SCRREA on April 9th, 2014 3:16 AMLeave a Comment

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