3BR/4BA Water Frontage $475K

Saturday, May 19th, 2012 at 7:26pm. 245 Views, 0 Comments.

NEW LISTING in SW Metro!

Are you looking for that perfect blend of nature and city?  This is one of the area's best kept secrets in townhome living.  Normandale Lake Trail System, Dinner at Kincaids.  Woods, Ponds, and Wildlife... and High Tech City Amenities all within walking distance!

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BPO? CMA? Appraisal? What's the Difference?

Saturday, May 19th, 2012 at 6:37pm. 230 Views, 0 Comments.

BPO, CMA, Appraisal -- what is the difference?  These are all various methods of valuing real estate, (properties, homes, houses, commercial property, investment property, and vacant land).

Appraisal = formal valuation by a licensed appraiser.  An appraisal is a subjective opinion of a real property's value.  Most appraisers are highly skillled, with many years of experience.  Besides single-family homes, some appraisers specialize in niche areas, such as rural acreage, estate homes, commercial/industrial property, apartment rentals.  In order to appraise property for an FHA loan, the appraiser must be experienced in the FHA loan procedures and requirements.  Appraisals are required as part of the underwriting process for mortgage lenders when they…

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