Birmingham Appraisal Blog

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Entries Tagged as 'Appraisal Tips'

Dressing For Your Appraisal Success

August 12th, 2010 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips

I ran across a funny video today that made me think about a simple but well known phrase, “Dress For Success”.  We’ve all heard this phrase but as appraisers have we really thought about it and how we apply it to our own business practices.
As you can see from the video it is important to [...]

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Birmingham Alabama MLS Adds Square Foot Option to Listings

July 29th, 2010 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips

The Birmingham Alabama MLS (Multiple Listing Service) has recently added an option for Realtors to list GLA (gross living area) for their listings.  The new feature will go live on August 2, 2010.  Realtors are given an option of entering GLA data obtained from an appraiser, building plans, or tax records.
The first two sources are [...]

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Can a “Messy House” Make My House Appraise For a Lower Amount?

July 21st, 2010 by Tom Horn · 8 Comments · Appraisal, Appraisal Tips, Photos From The Field

The short answer to this question is “no”.  You may think this is an odd topic for a post but I get asked this question more than any other, and it is usually asked by the lady of the house.  I normally take pictures of every room because it helps me to remember things about [...]

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Are Outbuildings Included in an Appraisal?

April 26th, 2010 by Tom Horn · 6 Comments · Appraisal, Appraisal Tips

I got a call from a client recently asking this question.  As I told him, any type of improvement which is permanently attached to the land is included in the appraisal.  For outbuildings this would include barns and butler type buildings.
Some storage buildings which are smaller and are not on permanent foundations would not be [...]

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Real Estate Agents-How To Look Like a Champ In Your Customers Eyes

April 25th, 2010 by Tom Horn · 8 Comments · Appraisal, Appraisal Tips, Market Trends

I know that some of you will say “Why should I get an appraisal when I am an agent and can do  my own market analysis?”, but there are benefits to the appraisal.  My main concern here is with the homeowner who want you to over price their home.  When you know that they are [...]

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Getting The Most Bang For Your Buck In Home Improvements

April 14th, 2010 by Tom Horn · 2 Comments · Appraisal Tips, Home Improvement

If you’re like most homeowners you want to get the most bang for your buck in home improvements.  Sometimes certain improvements to your home cost more than the value you get from them.  This is one of the most frequent questions I get asked in my job as a real estate appraiser.  My answer most [...]

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An Alternative to Selling in A Slow Market

March 25th, 2010 by Tom Horn · 4 Comments · Appraisal Tips, Market Trends

As an appraiser I estimate value.  My estimate is based on several different methods, however the approach that is usually given the most emphasis is the market approach.  This approach, which is also known as the sales comparison approach,  utilizes recent sales of similar homes within the subject property’s market area.  In today’s economic climate [...]

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FHA Tip: Turn The Water On To Save Your Borrower Money

March 14th, 2010 by Tom Horn · 4 Comments · Appraisal Tips

I recently did an FHA appraisal on a property.  The home was relativily new so there were not major issues with peeling paint, inadequate electrical service, or other typical concerns.  The only issue was the fact that the water had not been turned on.  The property was a foreclosure so this is not untypical, however [...]

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