Birmingham Appraisal Blog

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Entries from June 12th, 2010

How is your Appraisal Business in these Tough Economic Times?

June 12th, 2010 by Tom Horn · 4 Comments · Appraisal

This post was prompted by a survey I saw on the AppraisalPort website.  The survey question asked appraisers if they worked at a second job to supplement their regular appraisal income.  It seems with the slow real estate market and the implementation of the HVCC last year, business has slowed down for a lot of [...]

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So You Think You Know What a Foreclosure Looks Like, Huh?

June 12th, 2010 by Tom Horn · 4 Comments · Appraisal, Market Trends, Photos From The Field

I’ve talked about foreclosure properties in previous posts and how they are providing competition to non foreclosure properties.  It really is something you have to consider when pricing your home.  As appraisers we look at past sales and current active inventory.  If there are other properties for sale that are similar to yours and in [...]

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Birmingham, Alabama Home Sales-Most Expensive Home Sale in May-2010

June 1st, 2010 by Tom Horn · 2 Comments · Market Trends

This months most expensive home sale reported by the Birmingham Multiple Listing Service is located on Red Mountain in the Redmont area of Birmingham, Alabama.  The home sold for $2,700,000.  It was built in 1922 and is situated on six acres.  This area has a lot of historical homes with beautiful architecture.  It has a [...]

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Birmingham AL Real Estate Shows Positive Growth For April 2010

June 1st, 2010 by Tom Horn · 2 Comments · Market Trends

There is good news for the Birmingham, AL real estate market.  Home sales showed a positive trend in April 2010, over 2009.  The Alabama Center for Real Estate (ACRE) reported that April sales were at 1,061, compared to 887 for last year.  The first time home-buyer tax credit  most likely had a lot to do [...]

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