Sep 05, 2008 06:05PM

How to measure a home in Charlotte, NC

When real estate appraisers and real estate measure homes, they usually adhere to what is known as the ANSI Standard. In North Carolina, the Real Estate Commission developed what has become known as the "Yellow Book". These guidelines that were developed by the Commission, basically mirror the ANSI guidelines.

Some quick facts on how to measure a home, and what is included in the finished heated, living areas:

1. A home must be heated by a fixed system. This includes, but is not limited to: forced/ducted systems, radiant or solar heat, that is permantly attached to the dwelling. A portable heater is not considered as a coventional heating system.

A property does not have to have a A/C system.

2. A home should be finihsed with similar materials that are accepted by the market.

3. The ceiling height should be of atleast seven feet. Some exceptions apply.

4. For a room to be considered as living area, it has to be directly accessible through other heated, and finished living areas. For example, a room cannot be counted as a living area if it can only be accessed through the garage.

5. Any area that is below grade, cannot be counted as "above grade living area", no matter how good the quality of the finish is.

This does not mean that the area below grade is worth less than the area above grade. In some homes, the quality of constrcution is equal to, or better than the above grade living area. Although in some homes, mainly older homes, the quality is inferior with such items such as veneer panel walls, and drop ceilings.

So why does my square footage differ from the plans when purchased new, or the county tax records?

On average, the home will grow from when it is compared to the plan square footage. The appraiser or real estate agent should measure the home from the exterior, at the FACE OF THE WALL, not from the vertical trim pieces. While the county tax accessor does measure each and every home, they do round the numbers a little differantly than appraisers, and they have to measure every home in an entire city, so mistakes are bound to happen.

The American National Standards Institute (ANSI) adopted a standard for measuring single-family residences. This standard is known as Z765. This standard is reconized by architects, various state boards, Fannie Mae, and HUD/FHA.

Sep 04, 2008 05:00AM

Appraisal Types Offered Charlotte, NC

Valuation Experts offers more detail, research, and analysis in our base appraisal reports, as compared to our compettion.

Valuation Experts offers a variety of appraisal products in order to meet our clients needs. Many clients are under the impression that all appraisal products are the same, all appraisers do the same amount of research and anaylsis, and that all appraisers will come up with the same value conclusion. This is simply not true. The recent changes to USPAP now allows the appraiser to offer different types of appraisal products. This is called the Scope of Work rule.

Scope of Work: the type and extent of research and analysis in an assignment.

Scope of work includes, but is not limited to:

- the extent to which the property is identified;
- the extent to which tangible property is inspected;
- the type and extent of data researched; and
- the type and extent of analysis applied to arrive at opinions or conclusions.

An appraiser must be prepared to demonstrate that the scope of work is sufficient to produce credible assignment results, that credible assignment results require support by relevant evidence and logic, and that the credibility of assignment results is always measured in the context of the intended use.

Each written appraisal report must be prepared under one of the following options:

- Self-Contained Appraisal Report

- Summary Appraisal Report

- Restricted Use Appraisal Report

The most common type of reporting option is the Summary Appraisal Report. As noted by the name, this report is a summarization of the data, techniques, etc. used in the report. The majority of the data and techniques are kept in the appraisers work file.



We are a full service appraisal, consulting and real estate solutions provider located in Matthews, North Carolina. We are FHA approved, and specialize in high-end residential properties, golf course communities, and lake front properties. We also have extensive experience appraising REO/Foreclosure properties for Fannie Mae.

Our main areas for our appraisal services are: Mecklenburg County, Union County, Gaston County, Iredell County, and Cabarrus County.

The President of the company is a North Carolina native, and is a State Certified Appraiser, a State Licensed RE Broker, and a State Licensed General Contractor. Our President has extensive knowledge in the field of real estate, and construction. Our Family is very active in the development of residential subdivisions in Mecklenburg, Union County, and the surrounding areas.

We are proud of our history and look forward to a future that includes even more innovative ways to give our clients the competitive edge they require.

Our certified FHA appraisers are ready to serve you!!

Sep 04, 2008 04:46AM

Home Measuring Charlotte, Mecklenburg, Union, NC

Top Five Reasons for Getting a Home Measured:
1. Reduces the Liability for all parties.

2. Saves time!! Let's you do what you do best, and that is list and sell homes!!

3. Provides a potential buyer with a visualization tool. This in turn will save you time and money because it narrows down the choices and helps the potential buyer make a faster and more informed decision.



4. Improves the MLS data. Everyone knows how inaccurate the tax records are.

5. Less hassles. More than likely the lender will order a home appraisal. An appraiser will then measure the home to determine the square footage. If the home was listed at the incorrect square footage, the appraised value could be different than what was to be expected. This could cause the loan to fall through, and in turn, you could have a disgruntled seller and buyer. Home measuring Charlotte NC


Valuation Experts is a residential property appraising firm offering home appraisals in Charlotte and the surrounding areas. We have local expertise dedicated to providing appraisals and other real estate services through analytic discipline and a team approach. Our company's philosophy is to provide a objective appraisal to our clients in making informed lending, buying, and selling decisions. All of our appraisers are certified by the State of North Carolina
and are FHA approved appraisers.

Aug 25, 2008 01:38PM

Appraisal Charlotte NC

What is a Real Estate Appraisal in Charlotte, NC?

Order Appraisal Charlotte NC

Mecklenburg County is one of the fastest growing counties in North Carolina. This area has experienced a tremendous amount of growth. Property Appraisers in NC consider the principle of competition that says when the supply of property in the market place is low relative to the demand for such properties, creating excess profits for present property owners, the result is to attract more properties to the market place. If only a few properties are available in Union, NC those properties will command a much higher price than if there were many properties for sale.





A real estate appraiser located in Charlotte, NC may also consider the principles of conformity, progression and regression. In general, particular in residential areas of single-family houses in the area, buildings should follow the principle of conformity; that is, they should be similar in design, construction, age, condition, and market appeal to other homes in the neighborhood.





Nonconformity in Mecklenburg, NC may work to the advantage or disadvantage of the owner of the nonconforming property. A home appraiser in Cabarrus, North Carolina, describes progression, as ?a house that has not been well maintained but is located in a neighborhood of well kept homes will benefit from the overall good impression created by the neighborhood and its probable desirability?. Regression is the exact opposite. Valuation Experts are FHA approved, and State Certified.


For example, a mansion home in Charlotte, NC that has been meticulously maintained but is in a neighborhood of homes that have not received regular repair will suffer from the generally unfavorable impression created. A home located in Union, NC on a small lot may benefit if the majority of the homes are located on much bigger lots. An appraiser must analyze all information that is readily available. FHA appraisers in Mecklenburg County, NC also consider several factors that affect the marketability of the subject property. A lender will ensure that an appraiser located in NC is a FHA Charlotte approved appraiser. Copyright 2007-2008. Valuation Experts, Inc. All rights reserved.

Aug 17, 2008 06:07PM

Home Values Charlotte North Carolina

Valuation Experts is your local home appraiser. Unino County is one of the most desirable areas in North Carolina. And even further down the spectrum you see areas that are splendid where NC house values are strong. The best way to find out the accurate truth is to order an real estate home appraisal from Valuation Experts.

How can you determine Union County, North Carolina Property Values? By hiring a local property appraiser who has extensice experiance appraising Waxhaw, North Carolina Properties. Because of this, the appraiser's job holds great importance to anyone who seeks to buy or sell a home in Union County, as they are the ones who through extensive research determine Indian Trail property values.

Home value is very important in Monroe, as homes values could be deprecaiting. There is nothing more encouraging than knowing the actual property value of your Union, NC. Get your Home Value form a home appraiser who knows Marvin, NC well. Home value is determined by critically examining all of the available data related to a particular home. Many Weddington Realtors now have the ability to post all of the listings in the Carolina MLS on their own public websites. Most Multiple Listing Services also upload their inventory to national sites. These numbers can be misleading in a declining market.

A property coupled with an appraisal equates to Union County, home value. This is accomplished by taking recently sold sales, and active and pending listings of the Mecklenburg, County home and comparing it to an average set of standards, which are dictated by the Waxhaw, NC home values in the area. In its simplest form the home is compared to House A and to House B and from there an estimated home value is determined. Although this is a brief summary at best, it does help to illustrate the principles of home evaluation. Get fha appraisers in Mecklenburg, NC www.valuation-expert.com or www.charlotte-appraiser.net.

Get a real estate appraisal today by clicking on the ?order appraisal tab?. In the world of Iredell County, North Carolina real estate there is nothing more important than a Cabarrus, County NC real estate FHA appraisal. Since this is the case, understanding some of the aspects that a real estate appraisal looks at should be a top priority for anyone wishing to buy or sell property because an educated consumer is most often a happy one. Determine your home value by ordering a real estate appraisal from Valuation Experts, in Matthews, Charlotte, Union County, North Carolina.

Dec 31, 1969 04:59PM

AppraisalIQ: Dodd-Frank a Win for Independent Fee Appraisers?

Read a great post from an Austin, TX appraiser about HR4173 and appraisal management with Mercury Network.

Dec 31, 1969 04:59PM

a la mode Launches New Department for Mercury Network Client Relations

a la mode today announced its new Client Relations department dedicated exclusively to Mercury Network clients. Mercury Network is the dominant online appraisal Vendor Management Platform (VMP), allowing lenders and AMCs to order and manage appraisals (using their own appraisers or accessing the largest nationwide appraiser network in Mercury), all while remaining in full compliance with HVCC, FHA, GLB, and Federal Interagency Appraisal Guidelines.

Dec 31, 1969 04:59PM

As seen in Mortgage Banking: Three Legs of the Appraisal Management Stool

Lenders need a common-sense approach to collateral valuation policy that embraces three key components: Regulatory compliance, quality assurance and fraud management. This three-legged-stool approach can keep valuation risk at bay.

Dec 31, 1969 04:59PM

Is Your Appraisal Process Breaking Federal Law?

Lenders are under more regulatory compliance scrutiny than ever, especially as consumers engage lawyers nationwide in foreclosure, valuation, and predatory lending lawsuits -- many of which are turned into class actions.

Dec 31, 1969 04:59PM

Q and A:  Alternatives to AMCs for HVCC Compliance

Question: What is it going to take for the lending industry to better understand there are alternatives to AMCs when it comes to maintaining HVCC compliance?

Dec 31, 1969 04:59PM

Fees:  New Rules, New Data

Appraisers are used to toiling away in relative obscurity, but suddenly the national spotlight is shining on the industry, and in an area that normally is shrouded in comparative secrecy: Fees. More interestingly, people outside the profession are actually worried that appraisal fees may be too low, not too high.

Dec 31, 1969 04:59PM

Take A Fresh Look At Your Business Model

This just in: It?s tough being an appraiser in 2010. We all know why. The question is: How do you adapt? First, take a look at your business model.

Dec 31, 1969 04:59PM

Tired Of Getting Stiffed?  Tips For Collecting Your Past Due Fees

You inspected the property, gathered the data, and wrote a professional, first-rate report. You delivered that report on time, as promised. There?s just one thing missing: Your payment.

Dec 31, 1969 04:59PM

Grassroots Appraisal Marketing With Door Hangers

What if you took an extra 10 minutes during inspections to walk the block and put a flyer on each home?s door?

Dec 31, 1969 04:59PM

Appraiser Spotlight

Now that the XSites Desktop?s Energizer plugin is well established as an effective, proven means of creating a website that?s more search engine optimized, all I need to do is go down our list of XSites ranked by Energizer score to find some great sites.