If you are a Realtor in the Birmingham, AL area I would like to help you with your sales meetings by providing appraisal education to your agents. I have spoken in the past at local real estate offices about how to read an appraisal, how we come up with comparables, why we sometimes must use [...]
Entries Tagged as 'Appraisal Tips'
I Can Help Birmingham, AL Realtors With Their Sales Meetings
January 9th, 2012 by Tom Horn · No Comments · Appraisal, Appraisal Tips, Education, FAQ's
Tags:Alabama·appraisal classes in Birmingham Alabama·Birmingham·Birmingham real estate appraiser·fha appraisal guidelines·how to read an appraisal·introduction to appraising·real estate appraiser speaker·real estate classes in birmingham·Thomas Horn·Tom Horn
Seller Tips: Picking The Right Comps To Help Narrow The Gap Between List Price and Sale Price
December 19th, 2011 by Tom Horn · 6 Comments · Appraisal, Appraisal Tips, FSBO Tips, Realtor Tips
After looking over a weeks worth of real estate sales data I have found a trend in some market areas. That trend is the increasing gap between what a house was initially listed at and the final sales price. This is one of the statistics appraiser’s look at, and this week in one area I [...]
Tags:bpo·CMA·comps·fsbo·how do realtors list homes·how to list your home·how to pick comps·market analysis·Realtor Tips·sales comparables·seller tips
Why You Need A Local Appraiser In Today’s Real Estate Market
November 21st, 2011 by Tom Horn · 5 Comments · Appraisal, Appraisal Tips, FAQ's, Realtor Tips
I’ve written about this in the past but thought I would mention it again because I have received a couple of calls within the past month from loan officers not happy with the appraisals they have received. In both situations, out of town appraisers were used.
Tags:Appraisal·competent appraiser·divorce·estate settlement·geographic competence·local appraiser·pre-listing appraisal·tax appeal
Market Value: The X-Factor in Most Real Estate Transactions
November 16th, 2011 by Tom Horn · No Comments · Appraisal, Appraisal Tips
Most people have a good idea of what market value is. A short and abbreviated definition of Market Value is as follows: Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, [...]
Tags:Appraisal·Appraiser·home improvement·investment·market value·real estate transaction·x factor
What Red Flags Can Kill A Birmingham, AL Area FHA Appraisal?
October 18th, 2011 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips, FAQ's
Have you ever wondered if a house would pass an FHA appraisal inspection? FHA does have more stringent appraisal guidelines than conventional loans but if you know what to look for then you can be ready before any problems come up. I have included some of the top problems I have seen in my 20+ [...]
Tags:Alabama·Appraisal·Birmingham·FHA·FHA repairs·jefferson county·MPR·red flags·shelby county
How To Estimate The Value Of Your Home Without Getting An Appraisal
August 1st, 2011 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips
If you are in the market to sell your home the best thing you can do is to get a qualified appraiser to provide you with an appraisal of your home. This will ensure that the most accurate sales and listing information is used to give you the most precise value estimate. If you are [...]
Tags:Alabama·Appraisal·Birmingham·estimate your homes value·home·home value estimate·House·house value estimate
FHA Repair Item…or Not?
July 5th, 2011 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips, FAQ's, Home Improvement, Realtor Tips
I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the [...]
Tags:Alabama FHA appraisals·FHA·FHA Appraisals·FHA repairs·FHA Tips·HUD·HUD Minimum Property Requirements·MPR
Getting Inside The Head of a Real Estate Appraiser: Tips To Make Your Appraisal Inspection Go Smoother
June 22nd, 2011 by Tom Horn · 6 Comments · Appraisal, Appraisal Tips, FAQ's
Have you ever needed to get an appraisal on your home and worried about what the appraiser looks at and considers important and what he doesn’t care about? It’s o.k. if you have felt this way, it’s a valid concern. Sometimes I feel that the appraisal profession is cloaked in a veil of secrecy and [...]
Tags:Appraisal Inspection·appraiser tips·homeowner appraisal tips·inspection tips
5 Reasons Why A Realtor Should Order An Appraisal Before Listing A House
June 15th, 2011 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips, Realtor Tips
Realtors are experts at selling houses. They are versed in what buyers want in a home. They keep up with the latest in architectural styles, neighborhood trends and financing options. Ideally all of this knowledge is maximized on every listing, but realistically that may not always be the case. There may be times when one [...]
Tags:Alabama·Home selling tips·pre-listing appraisal·Pre-Listing Appraisals in Birmingham·Realtor Tips
The Media Is Now Confirming What Appraisers Have Been Reporting All Along
June 1st, 2011 by Tom Horn · 6 Comments · Appraisal, Appraisal Tips, FSBO Tips, Market Trends, Realtor Tips
When I first got into the appraisal profession the guy I learned from would always say: “Appraisers don’t make value, they report it”. This is more true today than ever before. Appraisers have been getting a lot of bad press, especially recently, because we are being accused of killing deals. In my opinion, which I [...]
Tags:CMA·fsbo·Home selling tips·marketing appraisal·Realtor·Realtor Tips
