Real Estate Appraisal - home appraisal - appraiser - real estate appraiser - residential appraisals - Virginia Beach, VA

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August 15th, 2007 1:22 PM

Woe, what a time we are all having in the residential lending world the past couple of weeks. With the shut downs, and closings of many mortgage companies, people are starting to get panicky. Major companies’ stock values are declining and before we all know it many companies that are still here today, will be gone tomorrow.

I feel sorry for the people that are loosing their jobs; they do have families (many with children). It has been inevitable for some time though, with so many people becoming hires of the industry. We will see many agents, loan companies, appraisal companies, and title companies be forced out of business in the next several months.

Many folks jumped in thinking they would make millions by striking while it was en vogue to be here. It is fine with me that the folks who are only interested in the money are leaving. The folks that want this as a career will be here when it's slow, just as they have always been.

Many of us are good at what we do and have a loyal following. Many of us, us at FMA included, are still marketing and getting new clients, based on that following. This weeding out period is healthy as an overall correction. While being sad, it is a needed evil of economics. I guess that is why they call economics the dismal science.

We will all prevail through it, but don't let the down turn in the market persuade you to stop getting more education, more marketing done, and more shoring up of your position as a leader in your respective fields.

Posted by Woody Fincham, President on August 15th, 2007 1:22 PMPost a Comment (1)

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Things Change, sometimes for the better (revised)

August 3rd, 2007 12:28 AM

As the market has cycled into the buyers market we are in, things have slowed down a bit. Where we were so busy that we could hardly catch a breath, we can now breathe easily. With the extra time we have added some new services, new areas and are working on some ideas that will help strengthen our name in the area.

We now are offering relocation appraisals. Shawn House and Woody Fincham have both taken and passed the ERC relocation appraisal class. The will allow us to offer services for corporate relocations, and has furthered our pre-listing tool bag.

As for our service area we have added several areas within the local region. Isle of Wight, Franklin, and Smithfield are now being added to our normal service area. We have always picked and chosen assignments from these areas, so they are not foreign to us. We are excited to have these fine communities within our service area.

We will be adding the Albemarle County , NC area into the service areas as well, but that is still a short while off. Long term we will be within the Outer Banks market as well. From what I have heard in the news and other sources, this market is in sore need of some ethical appraisers. The out of control styles of the Outer Banks market appraisers has proven to be a harmful stroke to the area.

There is also some big announcements coming very soon, but I will let you wait a little longer for that. Thanks for taking the time to read this blog, and remember if you need anything or have any questions let us know.

Woody Fincham for FM & Associates, INC.

Posted by Woody Fincham, President on August 3rd, 2007 12:28 AMPost a Comment (1)

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