I would like to share with homeowners in Shelby County, Alabama how they can find useful property information online. Have you ever wanted to find out exactly how big your lot is? Ever wondered where your house sits on your lot? How about finding out what school system the house you want to buy is [...]
Entries Tagged as 'Appraisal'
How Shelby County, AL homeowners can find useful property information online
February 6th, 2012 by Tom Horn · No Comments · Appraisal
Tags:Alabama·Appraiser·county website·lot dimensions·lot size·property information·school system·shelby county·Thomas Horn·Tom Horn
Can I use the tax assessment on my house to set a list price?
February 2nd, 2012 by Tom Horn · 2 Comments · Appraisal
I was asked this question the other day by a reader of my blog and I thought I would share it with you in case you had the same question. This person was going to list their home for sale and they wanted to know if they could use their tax assessment to come up [...]
Tags:appraised value·asking price·birmingham appraiser·marketing appraisal·pre-listing appraisal·tax assessment·Thomas Horn·Tom Horn
Appraising In The Aftermath Of A Tornado-Birmingham, Alabama
January 30th, 2012 by Tom Horn · 4 Comments · Appraisal, Appraisal Tips, FAQ's
How do you appraise a home that has been destroyed in a tornado? That is the question I got from a friend recently after I told him I had gotten some assignments in the storm devastated areas of Birmingham, Alabama. I thought that since he was curious about this that others may be also. I [...]
Tags:Alabama·Birmingham·disaster·insurance·insurance appraisal·retrospective·retrospective appraisal·storm·Thomas Horn·Tom Horn·tornado
Six years of sales activity in the Brook Highland subdivision, Shelby County, Alabama
January 23rd, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends
I like to share market data I get when I do appraisals in different areas. I’ve included sales from the Brook Highland subdivision in the Inverness area of north Shelby County. The sales are from January 2005 to December 2011. The graph charts the median sales price for each quarter for all seven years. The [...]
Tags:Alabama·brook highland·brook highland market trend·home value·market trend·property value·shelby county·shelby county appraiser·shelby county market trend
Are these FHA required repairs?
January 20th, 2012 by Tom Horn · No Comments · Appraisal, Appraisal Tips, Education, FAQ's, FSBO Tips, Home Improvement, Realtor Tips
I was doing some work recently for a novice property investor and he was asking me some questions about FHA required repairs. He wanted to prepare the house he just purchased so that if the buyers were going to use FHA financing there wouldn’t be any issues at the last minute to hold up the [...]
Tags:Birmingham AL FHA Appraiser·fha appraisal·fha appraisal guidelines·FHA Loans·FHA repairs·FHA Requirements·FHA Tips·MPR
Birmingham, Alabama Cash Buyers: Don’t Make This Mistake
January 11th, 2012 by Tom Horn · 6 Comments · Appraisal, Appraisal Tips
After seeing an article about how cash buyers have made a strong showing in residential real estate transactions I started wondering how many of them got appraisals on their purchases. Most of the time people think the only reason to get an appraisal is so you can borrow money from the bank. This is only [...]
Tags:birmingham alabama home values·cash sale appraisal·cash sales·homes purchased with cash·investment appraisal·over priced homes·real estate investment
I Can Help Birmingham, AL Realtors With Their Sales Meetings
January 9th, 2012 by Tom Horn · No Comments · Appraisal, Appraisal Tips, Education, FAQ's
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 [...]
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
A Look At The Absorption Rate In Pelham, Alabama, Ballantrae Subdivision-Pt. 2
January 4th, 2012 by Tom Horn · 6 Comments · Appraisal, Market Trends
We took a look at the entire Pelham, Alabama market with the last blog post I wrote. Today we are going to narrow things down a bit to the subdivision level and even a certain style of home. Of the 222 sales that occurred in Pelham, AL from 12/15/2010 to 12/15/2011, 59 sales occurred in [...]
Tags:absorption·absorption rate·AL·balanced market·ballantrae·Ballantrae Subdivision·buyer's market·inventory·pelham·seller's market·shelby county
A Look At The Absorption Rate In Pelham, Alabama, Pt. 1
January 2nd, 2012 by Tom Horn · 11 Comments · Appraisal, Market Trends
You may have heard the term “Absorptions Rate” before but not really know what it means. The absorption rate is a measure of how long it will take to sell the current inventory of homes in a given market. This market can be on a large scale such as for the entire country, or it [...]
Tags:absorption·absorption rate·AL·balanced market·buyer's market·inventory·pelham·seller's market·shelby county
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
