How do you appraise an in-law suite?

A reader’s question about appraising homes with an in-law suite I was recently asked a question by real estate agent Tammy Anderson about how appraisers might appraise an in-law suite. She was specifically curious about whether a second kitchen and entrance might cause trouble in the valuation. If you have any further questions about an in-law […]

10 Appraisal mistakes new agents make and how to avoid them

Common appraisal mistakes new agents make Are you a new real estate agent? Are you unsure about the appraisal process? If you answered yes to these questions then this post is for you. There are numerous potential appraisal mistakes new agents make but by becoming familiar with the items discussed here you can reduce the […]

7 Reasons sales contracts come in higher than appraisals

Top reasons sales contracts come in higher than appraisals I hear agents make the statement all the time that “the appraisal came in low” or “the appraisal was lower than the contract price”. I always get the impression that the people who say this believe that the appraisal is wrong, however, today I would like […]

5 Things to consider when pricing your home in the current market

Pricing your home in the current market When we talk about pricing your home in the current real estate market what should we really be looking at? There are some basic indicators that we have to consider when discussing how healthy the Birmingham housing market is. These indicators include the following: Number of homes sold, […]

How old can an appraisal comp be?

Can’t find a good appraisal comp? A concern I often get from real estate agents is that there are no comps to price their listings. After I start discussing the situation with them and talking it through, it turns out that there are comps but you have to know where to look. Today I thought […]

 

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