Posts Tagged ‘ home appraisal ’

Real Estate 360 Live With Louis Cammarosano 1/14/13

On Monday January 14, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (12:49)

Ryan and Louis discuss the Federal Reserve minutes. Louis notes the what the Fed does is most important and that it’s also important what the Fed says, but only in the short time.

Louis predicts a continuation of quantitative easing and that gold and silver will continue to rise.

Ryan notes that the Fed is talking up the economy.

Louis notes that the Fed is concerned that the perception is that the they will continue to print will under mine confidence in the dollar and therefore they talk down their quantitative easing plans.

Louis notes that the Fed will continue with QE but is not interested in being first among countries in the race to debase.

Louis and Ryan discuss the fiscal cliff and the debt ceiling. Louis notes that the debt ceiling doesn’t need to be raised for the US to pay interest on its debt.

Louis notes that Democrats and Republicans are both fans of spending and have no interest in cutting spending and are interested in raising the debt ceiling so they can continue spending.

Ryan and Louis discuss some examples of government waste and how the government picks winners and loses by allocating subsidies.

Continue reading this post


Posted by: Louis Cammarosano on January 23rd, 2013 under Louis Cammarosano on Real Estate Radio


One D.C. Condo, Two Appraisals & a $200,000 Difference?

All of us are fully aware of the recent changes in the appraisal industry.  Another victim of yesterday’s market, there is now a “hands off” message that lenders take very seriously.

home-value-appraisalWhat I have observed is that the bigger the lender, the more distance that exists between loan officers and appraisers.

For instance, it’s my understanding that Bank of America uses a third party company to set up appraisers…whereas some of the more local lenders are able to “select” a pool of local appraisers thru whom they can rotate business.

As a listing agent, I have found that my input in this new climate is crucial.  My job is not to influence, but to educate.

In a couple of instances, I have opened the door for appraisers who were clearly outside of their geographical comfort zone and the information and comps I have provided were important in verifying a clear market value.

A recent experience clearly confirmed the need for listing agents to meet with appraisers.  The names, location, and exact pricing have been changed to protect the innocent…but, otherwise, this is a 100% true story.

In September, I received an offer on a condo that was listed for $1.45 million in Georgetown (three cheers for Georgetown, right? But that’s another story of market holding strong).  After a round of negotiation, the seller accepted an offer for $1.375 million.  The lender for the buyer was a large, national company.

Although I asked the buyer’s agent to let me know when the appraisal was scheduled, the lender did not  keep either of us in the loop (perhaps he couldn’t…because he, too, was not in the loop) and, because the building had a concierge, the appraiser did his on site inspection without giving me notice. Continue reading this post


Posted by: Kevin Koitz on October 30th, 2009 under Market Trends, Regional


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