I’ve done several pre-listing appraisals recently and I got a question the other day that I wanted to share with you. The homeowner wanted to know if a pre-listing appraisal could be used by the buyer’s lender to get their mortgage. The short answer to this is “no”, however this was not always the case. […]
Archives for March 2011
Top 5 Websites I Use In My Appraisal Business
March 28, 2011 By 4 Comments
Today’s real estate appraisers utilize the internet more than ever. It use to be that most of the information we would use in a report would be available from information sources that we purchased and kept in our offices, however a lot of this data is now online. One good example of this is flood […]
Appraisals Are Not Just For Mortgage Financing: Non Traditional Uses
March 9, 2011 By 2 Comments
Most people only think about real estate appraisals when they are buying or refinancing a home. In truth real estate appraisals are used for many other “non traditional” uses. Appraisals are required any time the value of real estate is needed. The value may be as of the date it was inspected or it could […]
What’s Happening To The Townhouse Market In The Alabaster/Pelham/Helena Area?
March 7, 2011 By 2 Comments
I recently completed an appraisal assignment in Alabaster, Alabama for an attached townhouse unit and I wanted to share with you what I found. The graph shows townhouse sales in the area from January 2005 to February 2011. As you can see, values are definitely declining. Based on the property I was appraising, the search […]
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