If working with a real estate appraiser feels like a frustrating and complicated matter, you’re not alone. There’s a reason it feels as though your appraiser is keeping something from you and that’s because he or she is keeping secrets. Here are a few things you probably didn’t know about your appraiser.
- Appraisers are Under Pressure
When the housing bubble burst a few years ago and created the Great Recession, mortgage lenders weren’t the only ones that took the heat. Appraisers also came under fire and the Dodd-Frank Wall Street Reform and Protection Act of 2010 now requires the government to keep a closer eye on all real estate appraisers. This is why the process is so much more complex and takes more time.
- Appraisers are No Longer Local
Those same reforms have created a situation in which appraisers are often sent to regions with which they have no familiarity. Since they don’t know the markets that are local to the properties they’re appraising, their estimates may be either too low or too high. This can keep a homeowner from getting the true value for their home and, conversely, can prevent a buyer from affording a home that should be within their range.
- Who Does the Appraiser Really Work For?
In a normal home-buying scenario, the buyer pays the fee for the appraiser, which can fall anywhere within the $350 to $500 range. Even so, the appraiser doesn’t work for you and his reports go directly to the lender. This means that neither the buyer nor the seller will likely see the appraisal firsthand. According to federal law, you have to be given a copy of the appraisal, if you submit a written request for it. However, most people aren’t aware of the law, so they never see the appraisal for which they paid.
- Always Get a Second Opinion
It can be beneficial to get an appraisal of your own in advance, so you’ll have something to compare to the official appraiser’s findings. This can be fairly simple by asking your real estate agent to deliver a broker’s price opinion. While your lender may not accept the broker’s opinion in place of the appraisal, it does provide that point of reference. A difference in estimates can end up saving you as much as $20,000 on a home purchase.
Appraisers won’t tell you everything about their jobs. This is partly because they have to react to pressure from banks and that affects every appraisal. By staying alert and seeking outside advice, you may be able to better ensure your appraisal is fair and on point with the area market.
In an effort to separate themselves from the pack, businesses owners and entrepreneurs alike have turned to social media platforms to give their products and services an edge. Some companies create short viral video campaigns for YouTube, live stream their latest product launch on Facebook, or produce compelling photographs for their audience on Instagram.
One social media platform that’s sometimes overlooked by people in the business world is LinkedIn. While some entrepreneurs believe that LinkedIn is just a network for resume posting, the platform actually offers a wide range of tools for business people looking to grow their company.
To learn more about the ways that LinkedIn is a vital tool for entrepreneurs and businesses, read on below!
LinkedIn is Great for Professional Networking
While social media platforms like Facebook, Twitter, and Instagram focus on the social aspect of networking, it can be difficult to make serious inroads on these networks if you’re interested in growing your network on a more professional basis.
LinkedIn, on the other hand, makes growing your professional social network easy by allowing users to search for like-minded professionals in their particular area of expertise. LinkedIn allows users to build relationships with people on both a local level, as well as on national and international levels, too, making the social network unique in its ability to help entrepreneurs quickly find other business savants who are revolutionizing the business landscape in their cities.
LinkedIn has message boards and groups that further allow people to identify who they might want to connect with to grow their business venture. This feature can be an extremely invaluable tool for entrepreneurs who want to expand their product or service into new areas.
Using LinkedIn as a Tool for Product Launches
One innovative way that business owners are using LinkedIn as a vital tool to grow their companies is by creating product-specific LinkedIn pages. That’s right — not only is LinkedIn an excellent option for those posting up your resume, but the platform is also great if you want to showcase the benefits of a product you’ve recently launched.
On LinkedIn, entrepreneurs can create a page for their product or service that is similar to the resume-style profile pages the platform offers. These product pages are a great way to quickly highlight what makes your new product great.
LinkedIn is such an effective tool from a marketing standpoint that a new study indicates that 81% of business-to-business companies are using LinkedIn to advertise their product launches.
Various cultures have different leadership styles. Richard D. Lewis, a British linguist, charted the differences in his book “When Cultures Collide.” Besides he teaches these acumens in seminars.
Spanning from ringi-sho consensus in Japan to structured individualism in the United States of America, the charts look as if intuitively correct, if not separately accurate across a given nation.
Lewis argues that even though the countries may be facing rapid economic and political transformations, there exist some patterns which won’t change anytime soon. They have deeply rooted beliefs and attitudes which make them resist sudden changes in values when pressured to do so.
British managers, for instance, are diplomatic, helpful, casual and willing to compromise, although they can be ruthless when provoked. Regrettably, their strict adherence and conformity to tradition can lead to an inability to understand differing values in others.
On the hand, American managers are aggressive, assertive, goal oriented, optimistic, ready to change, vigorous and confident. They value working together as a team and enhancing corporate spirit. Unfortunately, they value individualism and promoting personal career.
With an incredible grasp of the various issues affecting their company, French managers are more autocratic as well as paternalistic. However, they quickly dismiss opinions of seasoned technical staff and middle managers.
A decentralized and democratic system of management among the Swedish people is incredible. The rationale enhances motivation and productivity among employees. Even so, decisions get delayed sometimes.
Managers in Germany strife to form a seamless system. They have a well-structured chain of command based on every departmental unit. Instructions, as well as information, are passed from the top down to the bottom. The drawback is that they considerably rely on consensus.
In the Netherlands, success is measured by the achievement, merit, and competence. Even though managers are decisive and dynamic, a consensus is compulsory since various players must be consulted before making any decision.
Traditional Indian companies practice nepotism. For example, members of the family hold critical positions excluding other people who may have the required skills and talent. Besides, policies get dictated by trade organizations such as jewelers, fruit merchants among others. These groups work in close unison and support one another during stressful moments.
China managers value consensus. The state-controlled companies allow leadership groups to formulate policies, while capitalist-style corporations select leaders with the necessary competence and reputation.
Throughout history, our culture and many industries have been shaped by those who pioneered new ideas. These entrepreneurs have changed the industries of technology, finance, and much more. Often a rags-to-riches story, these innovators have led the way in their field, making everyday life that much easier for most of the world. From the founders of online search engines to talk-show hosts, entrepreneurs of all fields have impacted our world in a way that will forever change it.
Though her success began in the late 90s, Ms. Winfrey has been a household name throughout the first two decades of the 21st century. Growing up in extreme poverty, Oprah faced many challenges due to her demographic. As she broke through at the local level of media, she was quickly notices by television and radio executive. Finally getting her own television show which ran for over 25 years, Oprah also became a leader in the media industry as a whole. Starting her own production company, Harpo Studios, she laid the foundation that was bound for success. Now as a owner of Weight Watchers, her own television network, a line of health foods, and a world-renowned book club, her legacy is solidified as an influencer for women around the world.
Not a day goes by where millions of people around the world take care of their shopping needs on Amazon.com. It is crazy to think that founder of the online site, simply wanted to provide readers a place to order books without heading into the bookstore. Now, as the wealthiest man in the world, Amazon founder and CEO, Jeff Bezos is living the dream. What started out as a business idea that he wrote during a cross country trip, turned into one of the most visited websites in all of the world. Now selling everything from groceries to appliances, Amazon is a site that will likely not diminish anytime soon.
It is hard to make a list of successful entrepreneurs without mentioning the founder of Apple. Though he sadly was taken from the world before seeing the true impact that his work has made, Jobs changed the technology game for likely the rest of our time on earth. His innovation of all Apple products has allowed people to do their jobs, live, and communicate in ways that were never imagined before. His forward-thinking is what allowed him to be so successful and his humble nature is what makes him someone who aspiring leaders should look up to.