Is it time to buy? Are you waiting for mortgage interest rates to bottom out? If this describes you, now is the time! They’ve fallen into the zone I predicted early this year. I believe they will waffle up and down for the next few month’s. If the China deal gets done, I believe they […]
Fannie Mae and Freddie Mac considering the use of robots to do home appraisals.
Fannie Mae and Freddie Mac are looking at doing away with formal appraisals on homes valued up to $400k. They say they’ll start using robots to do appraisals to save the clients money. The $100 estimated robotic appraisal will use drones and algorithms as compared to $400 for a traditional appraisal. Saving the client an […]
Freddie Mac eliminates traditional appraisals
Freddie Mac announces they are going to eliminate traditional appraisals as of Sept 1, 2017 for new home loans. I am firmly against this. As we all know, the online value system are generic and many times grossly wrong. Each home is unique in style, level of function and degree of care. These items can […]