How Healthy Is The Birmingham Real Estate Market?

A Look at the Pulse of Birmingham Real Estate The word on the street is that the country may be sliding into a housing bubble. A housing bubble occurs when housing prices continue to rise faster than peoples income. The availability of cheap money to purchase homes can lead to more buyers and increased competition […]

Cash Buyers Beware!

Food For Thought For Cash Buyers Are you aware of the key points that cash buyers should be aware of when purchasing a home in today’s market? Just because you are paying cash doesn’t mean that you shouldn’t perform your due diligence. There are a lot of cash buyers that will not get an appraisal […]

How Many Comps Are Required In An Appraisal?

What Are Comps? As you may or may not know comps are short for “comparables“. Sales comparables are recently sold, listed, or contracted properties that would be a good substitute for the subject property being appraised. Comps are used in the sales comparison approach to value. This approach is one of three that is traditionally […]

Is a Pre-listing Appraisal Still a Good Idea?

Should I Get a Pre-listing Appraisal? I recently ran across an article where a homeowner was asking a real estate agent whether they should get a pre-listing appraisal on their home prior to selling. The answer the agent gave interested me because it contained numerous errors and misunderstandings about appraising and appraisals. I have been […]

Who Is The Mortgage Appraisal Meant For?

Who owns the mortgage appraisal? There can be some confusion about who owns the mortgage appraisal and who it is meant for in a home purchase transaction so I thought we’d discuss this topic today. If you are purchasing a home you will want to read this because most people do not understand how the […]

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