Volume I, Issue 2 May, 2004
Introduction
Metro-West and World Appraisal is now
offering a free monthly newsletter to help better serve our clients.
Each month you will receive a newsletter with helpful tips, recent
articles, monthly jokes and any up coming events. Please let us know
if you have any suggestions you would like to see in our newsletter.
We will also be answering any questions you might have.
Tip of the Month
What is
involved in the physical inspection of your appraisal?
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First - We will do a careful physical inspection of your client’s home. Please tell them not to worry about the kids, toys, unmade beds, vacuuming or other household disorder. We are looking at the structure, condition and features of their home. This is only the beginning of the appraisal process. The typical report requires 6-8 combined hours by appraiser and staff to complete.
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Second - The appraiser is required to take photos of the exterior of you client’s home (front, rear, street, and any other factors that may affect value). They may also take some interior photos to help better represent the home to your underwriter.
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Third - You may see your appraiser driving though the neighborhood looking for current listings or sales to utilize as comparables for your appraisal. The sales that the appraiser finds are called "comps" or "comparable sales". The listings that are found are to help the appraiser analyze the neighborhood values as well as determine the supply and demand. The appraiser will make dollar adjustments to reflect differences in "comp" properties. Upgrades like fireplaces, air conditioners or home improvements add value to a property (usually not dollar for dollar, but will add value).
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Finally - We are ready to prepare our report and submit it to you.
Our appraisers are friendly,
courteous and interested in providing any information you may
need. If you wish to have a print out of how the appraisal
process works to give to your clients, please email us and we
will provide you with the information you need.
News
Coming Soon!!!
We will have a direct
interface with Appraisal Port through FNC up and running.
Metro-West & World Appraisal
We
invite you to stop by and meet our staff!
Please come by our office, meet the employees and see how our operation works!
Metro-West & World Appraisal
27555 Executive Drive
Suite 180 &185
Farmington Hills, MI 48331
For information or questions please
email us at:
marketing@metrowestappr.com
Click here to view directions
Our Open House has been postponed until further notice. Feel free to
contact us if you have any questions.
Joke of the Month
A lawyer charged a man $500 for legal services. The man paid with crisp, new $100 bills.
After the client left, the lawyer found that two bills had stuck
together and he’d been overpaid by $100.
“This extra money creates a real ethical dilemma,” the lawyer said
to himself. “Should I tell my partner?”
Visit us today at: www.metrowestappr.com
Visit our sister company World Appraisal at:
www.worldappraisal.com
Need An Appraisal?
World Appraisal covers the entire United States!
World Appraisal has staff appraisers in:
California: Los Angeles and Orange counties
Illinois: Cook, Grundy, DuPage,
McHenry, Lake
and Will counties
Michigan: Arenac, Clinton, Eaton,
Gratiot, Hillsdale, Iosco, Ingham, Jackson, Lenawee, Monroe
and Shiawassee counties.
For more
coverage areas and fees please visit us at:
www.worldappraisal.com
www.metrowestappr.com
Please welcome our newest appraisers to our growing staff.
For Metro-West
Appraisal our newest appraisers are:
 |
 |
 |
|
Erik Nordstrom |
Mary Marshall |
Jim Morrison |
For World Appraisal
our newest appraisers are:
|
Edward Louch
888-309-1328 ext. 774 |
Clark Cowles
888-309-1328 ext. 502 |
Did You know
We have onsite training for your loan officers, bankers and underwriters. We have qualified appraisers that will come in and talk about what is involved in appraising a home and how you can get a better idea of the value of your client’s home.
If you would like more information or to
set up an appointment, please contact us at:
marketing@metrowestappr.com
Suggestions
Dinner Certificate Give Away!
Send in your best suggestion of what you would like to see in our
newsletter. The winner will win a $40.00 gift certificate to the
restaurant of your choice!
Please email us at:
marketing@metrowestappr.com
Questions & Answers
Please
email us at
marketing@metrowestappr.com
Your questions and our reply will appear in next months issue.
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Thank you.
