Posts Tagged ‘appraisals’

Observations of a Home Inspector, Part 5

Tuesday, November 9th, 2010

LIVEVALUATION , November 2010 Issue

Written by Michael Connolly, CI

Smart Move Inspections, Inc.

Observations of a Home Inspector

Last month we started into the Improvements section of the URAR form and discussed a home inspector’s observation as it might relate to the General Description and Foundation sections of the form. This installment will continue in the Improvements section. We will discuss some common issues and deficiencies an inspector might uncover if he were to be inspecting from the Improvements section of the URAR form.

Exterior Description

Observations of a Home Inspector, Part 4

Wednesday, October 6th, 2010

LIVEVALUATION , October 2010 Issue Submitted by Michael Connolly, CI  Smart Move Inspections, Inc.

Observations of an Inspector

Observations of a Home Inspector, Part 3

Wednesday, September 15th, 2010

LIVEVALUATION , September 2010 Issue Submitted by Michael Connolly, CI  Smart Move Inspections, Inc.

Last month’s installment touched on how a home inspector might address sections of the Uniform Residential Appraisal Report “URAR.”.  Having already reviewed the “Subject”, “Contract” and “Neighborhood” sections, we continue to the “Site” section of the report.

SITE

Home inspectors do not evaluate lot shape or dimensions, and typically ignore any improvements to the lot, such as fountains, ponds, playground equipment and storage barns.

Observations of a Home Inspector, Part 2

Wednesday, June 2nd, 2010

LIVEVALUATION , May 2010 Issue.  Submitted by Michael Connolly, CI  Smart Move Inspections, Inc.

Last month’s installment touched on how a home inspector might address sections of the Uniform Residential Appraisal Report (URAR).  Having already addressed the Subject Property, we will continue on into the Contract and Neighborhood sections of the form in this installment.

Observations of a Home Inspector, Part 1

Sunday, May 2nd, 2010

LIVEVALUATION , May 2010 Issue.  Submitted by Michael Connolly, CI  Smart Move Inspections, Inc.

In a prior life, I spent ten years working for a prominent Midwest appraisal firm.  Between this experience and running my own home inspection business for the last 16 years, I have found that inspectors and appraisers share some common issues. I have acquired a special appreciation for the similarities and differences between them.  Mostly, our professions are related through the real estate process (perhaps cousins, twice removed)—we both visit the house and ascertain the general condition of the property.