Are Investor Flips Good Appraisal Comps?

Good Comp or Not? Are all comparables (comps) created equal? This is a question I continually ask myself when reviewing sales for appraisal assignments I’m working on. This includes investor flips, our focus for discussion here. Depending on who you are, you may have a different understanding of what a comp is. I always tell […]

What Is The FHA Septic Tank Rule?

What Is A Septic Tank? For those who have not heard of what a septic tank is let me take a minute to explain. A septic tank is a private sewer system that services a house. Many homes are on a public sewer system, however, for rural areas or areas where the public sewer lines […]

Can I Choose My Own Appraisal Value?

A Good Question Have you ever asked an appraiser if they could come in at a certain value on an appraisal? Believe it or not, I received a call this week where I was asked if I could provide a low appraisal value. For purposes of our discussion today it doesn’t matter that I was […]

What Exactly Do I Get When I Order An Appraisal?

So, You Want to Order an Appraisal? I received a call from a homeowner this week who was referred to me by an agent friend. The first thing she said was “Jane (not the agent’s real name) told me to call you to get a pre-listing appraisal, but before you come out to my house […]

Is a Birmingham Home Appraisal Worth the Money?

A Birmingham Home Appraisal May Be In Your Future Well, 2017 is behind us and 2018 is ahead of us. A new year brings new opportunities and new possibilities. These may come in the form of selling your current home so that you can move up to your dream home or maybe you need to […]

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