We have had a lot of FHA transactions and due to Michael's diligence he has been added to our in house approved appraiser list for both Conventional and FHA transactions. We monitor our list carefully and take pride in having "the best of the best" on our list. As the largest Mortgage Banker in King County this is no small feat. We are pleased to have him and it is a great fit.
I can't say enough good things about Michael Eachus. I have worked exclusively with Michael for the past two years. He is always prompt and reliable. I always feel confident when I know that Michael will be meeting with my clients and realtors. I would recommend Michael without hesitation! Michael has been my #1 appraiser for the last several years.
Without exception he has been fast, dependable and an overall pleasure to work with. In a changing market, he has been extremely helpful in accurately assessing current values and helping me understand how he came up with his numbers. I work with many different banks, and not one has EVER questioned one of his appraisals - a true testament to the quality of his work.
I can't say enough good things about Michael Eachus. I have worked exclusively with Michael for the past two years. He is always prompt and reliable. I always feel confident when I know that Michael will be meeting with my clients and realtors. I would recommend Michael without hesitation! Michael has been my #1 appraiser for the last several years.
Without exception he has been fast, dependable and an overall pleasure to work with. In a changing market, he has been extremely helpful in accurately assessing current values and helping me understand how he came up with his numbers. I work with many different banks, and not one has EVER questioned one of his appraisals - a true testament to the quality of his work.
Services
Terrascope Appraisal was founded by Washington State Certified Residential Appraiser, Michael Eachus.
Appraising residential properties in the Puget Sound Area since 1998, Michael Eachus has earned a solid reputation among seasoned professionals in the mortgage industry and among Real Estate Professionals as being honest, down to earth, ethical, educated, easy to work with, and able to handle any residential property appraisal with quick response.
Michael Eachus continues to seek education beyond the basics necessary for certification renewal.
Appraising residential properties in the Puget Sound Area since 1998, Michael Eachus has earned a solid reputation among seasoned professionals in the mortgage industry and among Real Estate Professionals as being honest, down to earth, ethical, educated, easy to work with, and able to handle any residential property appraisal with quick response.
Michael Eachus continues to seek education beyond the basics necessary for certification renewal.
A professional appraisal provides confidence to the seller when establishing a sale price for a property.
The appraiser will measure the home (so the owner can have a solid representation of the home's size) and document all pertinent information about the home including the level of updating, quality, and condition.
When estimating a value for setting a price, the appraiser will typically provide at least three comparable sales and also take a close look at the current inventory of the most similar homes on the market.
The appraiser will measure the home (so the owner can have a solid representation of the home's size) and document all pertinent information about the home including the level of updating, quality, and condition.
When estimating a value for setting a price, the appraiser will typically provide at least three comparable sales and also take a close look at the current inventory of the most similar homes on the market.
Most lending institutions, including brokers and banks, will require an appraisal on a property when considering the amount, type, and length of a home loan.
A home loan typically includes Primary Mortgages, Secondary Mortgages, Home Equity Credit Lines, Bridge Loans, Construction and Remodel Loans, and Reverse Mortgages.
A lender will use an appraisal to establish the amount of a loan and to assess the level of risk in relation to the value of the property on which the loan is made.
The lending industry is fast-paced, so it is important to have an accurate and timely opinion of value.
A home loan typically includes Primary Mortgages, Secondary Mortgages, Home Equity Credit Lines, Bridge Loans, Construction and Remodel Loans, and Reverse Mortgages.
A lender will use an appraisal to establish the amount of a loan and to assess the level of risk in relation to the value of the property on which the loan is made.
The lending industry is fast-paced, so it is important to have an accurate and timely opinion of value.
For contractors, builders, and home owners planning a major remodel, addition to an existing home, or new construction on a vacant lot, a professional appraisal will aid in the decision making process by providing an estimate of value based on the completed project (per plans, builder's specs, and materials lists) as well as an "as is" value estimate of the current value of the property.
The appraisal becomes integrated in the process when considering the cost of the project versus the value of the completed project.
The appraisal becomes integrated in the process when considering the cost of the project versus the value of the completed project.
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