Wednesday, June 29, 2011

Appraising in Hardin County

Whenever I have an REO, or vacant home I have the opportunity to take my kids along and teach them aspects of my business.  Today we had a vacant home in SE Hardin county that was truly unique.  It was a Berm home that had an additional floor added to it but it was not finished on the inside.  There were so many bedrooms in the place you thought you were in a a hotel.  The kids had a good time measuring the home and tallying room counts.

20% Down Legislation

Do you remember the days that 20% down when buying a home was typical?  I must say that was before my time, but I remember my dad doing it when he was in his early 30's.  He waited until he was financially able, not just because he could afford the payment.  Now we see younger home owners and greater debt ratios.  Anyway, the days of the 20% down being typical are about over when politicians are fighting against it.

Tuesday, June 28, 2011

Darth Vader Rules!

I thought the video of Darth Vader on the toilet was funny.  This one is almost as good.

http://bit.ly/j5vJsb

Monday, June 20, 2011

Buying Vs. Renting in Hardin and Meade County KY

As a REALTOR at HardinHomes.com I get a lot of people who are looking for rentals as they search the web.  This may be due to deprecation shock from the area's that they are coming from and not sure about the stability of our local market.  For the past 6 years we have seen steady appreciation in the Hardin and Meade County areas.  This year is a little off, but we have gotten into the busy season and everyone is looking for business to pick up.  Here is a good article expressing several different views of home ownership.

http://on.wsj.com/jSOfYd

Oil Prices Drop

It's amazing that events can cause a change in a commodity that is unrelated until one does some digging.  The debacle over Greece causing the Euro to loose ground to the Dollar making crude drop to a 4 month low.  Anyway, this is a good article.

http://on.wsj.com/jsfHB0

Wednesday, June 15, 2011

Appraiser chucking eggs!

I'm a part of a small team that has been charged with building and marketing an egg drop devise in the management class I'm taking.  The only twist is a limited materials list and the devise has to be thrown up in the air and then dropped.  It has been a lot of fun and our first test passed with flying colors.

REO's in Meade and Hardin Co. KY

This is a great article that paves the way for a new product I'll be introducing within the next month.  Stay tuned!!

http://www.linkedin.com/news?actionBar=&articleID=577527206&ids=0VdjwRdjwSdPkIdj8Me3kSdPsRb3oMdPcTdjsTdiMSc38TczkTdPkIcjoPcz0RdPsR&aag=true&freq=weekly&trk=eml-tod-b-ttle-44

Tuesday, June 14, 2011

The Web Grows!

I recently had a computer concepts class, and in it we discussed the possibility of having IPv6 at some point in the future.  IPv4 & 6 are protocols that allocate IP addresses on the web. Well, it's closer than you think.

Usually something we don't think about, but there are only a finite number of IP addresses available on the web.  We currently use IPv4, but the new version will greatly expand that.  The comparison in this article is mind boggling.

Saturday, June 11, 2011

Good news for Hardin, Meade Co gas prices

Supply and demand concerning a commodity such as oil is sometimes misunderstood.  Most folks understand that when supply goes down price goes up and so forth, but gasoline is a very inelastic commodity.  The supply and demand curve are very similar and the smallest change in demand or a "perceived" change in supply can effect price.  I'm no expert, but the recent gas price hike to over $4 per gallon in KY was a result of a perceived change in supply.  Even though there was unrest in the middle east, production stayed roughly the same, but that didn't stop the prices from going up due to perception.

Anyway, here is a good article indicating what to expect gas prices to do if production does in fact go up.

http://online.wsj.com/article/SB10001424052702304259304576377903555497240.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Sunday, June 5, 2011

Great Quote

‎"If everything seems under control, you're just not going fast enough."
- Mario Andretti

Friday, June 3, 2011

Do you do FHA?

I got a call the other day from a gentleman in Chicago and he asked me if I do FHA appraisals in Hardin and Meade Co?  I thought it was kind of odd at first, but I didn't ask him where he got my information.  For the record, we do FHA and conventional lender work in Hardin, Meade, Jefferson, Bullitt, Grayson and Breckinridge counties.  We also do a lot of non lender work to include: personal use, portfolio, divorce, PMI and estate appraisals.  We also have promotions for REALTORS and home owners.  Lastly, since Lance is an appraiser/REALTOR he also offers a "one stop shop" for your listing needs.  Come check us out today by visiting our Facebook page and clicking the like button!

Funny Quote

Eagles may soar in the clouds, but weasels never get sucked into jet engines. 
 ~Attributed to both Jason Hutchison and John Benfield

Leadership Quote

If your actions inspire others to dream more, learn more, do more and become more, you are a leader. 
John Quincy Adams 

Thursday, June 2, 2011

FHA Appraisal in Meade Co.

I was appraising a home in Battletown and look what I found!  Needless to say this loan didn't close.

FHA Appraisal in Meade Co. KY

I was doing some research in the Brandenburg area and discovered that River Cliff Subdivision has under a year of inventory on the market.

Remodeling a home that was built prior to 1978? What about lead based paint.

FAQs - EPA’s New Lead Based Paint Rule
_______________________________________________________________
1.
Who can perform repairs when the appraiser noted defective paint in a home built prior to 1978 in view of EPA’s new lead based paint Renovation, Repair and Remodeling Rule?
On April 22, 2010, the EPA changed its requirements regarding renovation, repair and painting for houses built prior to 1978 as follows:

Homeowners performing renovation, repair or painting work on their own home are exempt from the rule but are encouraged to learn to perform lead-safe work practices.

Property owners/landlords who renovate, repair, or prepare surfaces for painting in pre-1978 rental housing must be certified and follow lead-safe work practices required by the rule.

Contractors who perform the repair must be certified and must follow specific work practices to prevent lead contamination.
2.
3.
Who can inspect for completion of repairs when the appraiser noted defective paint in a home built prior to 1978 in view of EPA’s new lead based paint Renovation, Repair and Remodeling Rule?
FHA Roster appraisers and inspectors as well as other independent third parties may perform inspections to verify if painting repairs have been performed as required. These inspections are to determine completion of the repairs, not compliance with the Rule.
What is appropriate documentation to evidence compliance with EPA’s new lead based paint rule?
If the repair has been made by a contractor and/or property owner/landlord if rental housing, the underwriter must be provided with a copy of the EPA or state-lead training certificate in the name of the party who performed the work. If the repair was made by the homeowner on their own home, the homeowner must provide the underwriter a letter stating that the homeowner made the repair and an inspection to verify completion of the repair is required.

Content found on FHA's FAQ's