If you’re getting an FHA loan and want to make sure the appraisal goes off without a hitch make sure you pay attention to these 5 items. If you don’t then it could delay the loan and your closing. The appraiser has to make note of the items listed below, and if he/she cannot then [...]
Entries Tagged as 'shelby county'
If you want an FHA loan, you’ll have to do these 5 things
May 21st, 2012 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips, FAQ's
Tags:Alabama·Appraisal·FHA·fha appraisal·FHA Appraiser·jefferson county·loan·MPR·repair items·requirements·shelby county
When is a bedroom NOT a bedroom?
May 18th, 2012 by Tom Horn · No Comments · Appraisal, FAQ's
A homeowner asked me a good question the other day about the appraisal I had done on her home. They had been using one of the rooms in the house as a bedroom for their child, but in the appraisal I was not able to count it as a bedroom. She asked me why. My [...]
Tags:Alabama·bad floor plan·floor plan·functional utility·jefferson county·Real Estate Appraisal·Real Estate Appraiser·shelby county
So, How IS The Birmingham, Alabama Real Estate Market??
April 30th, 2012 by Tom Horn · 4 Comments · Appraisal, Market Trends
Funny you ask. I get asked this question a lot and I have my own thoughts, but it’s nice to know that other professionals agree. In addition to experiencing the local Birmingham market from a first hand experience, I read a lot of market data to assist me in my real estate appraisal business. Local [...]
Tags:Alabama·Alabama Real Estate Confidence Index·Appraiser·Birmingham·forecast·housing statistics·jefferson county·Real Estate·shelby county·Thomas Horn·Tom Horn
What 5 Years of house sales can tell us about property values in the Highland Lakes subdivison of Shelby County Alabama
April 19th, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends
The Highland Lakes subdivision in Shelby County, Alabama is not unlike other neighborhoods around Birmingham. It has also been effected by the slowdown in the real estate market and the downward trend in property values. Over the past 5 years the total number of sales have decreased as well as the number of home sales [...]
Tags:Alabama·highland lake·home value·house value·inventory·market trend·Price trend·property value·shelby county
How Shelby County, AL homeowners can find useful property information online
February 6th, 2012 by Tom Horn · 2 Comments · Appraisal
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 [...]
Tags:Alabama·Appraiser·county website·lot dimensions·lot size·property information·school system·shelby county·Thomas Horn·Tom Horn
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
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 “Absorption 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
A Look At The Market For Lake Front Homes In Shelby County, Alabama in 2011
December 23rd, 2011 by Tom Horn · 6 Comments · Market Trends
I recently finished an appraisal assignment on a lake front home in Shelby, Alabama and thought I would share with you my findings. As in other sectors of the Birmingham, AL area real estate market, lake front home have experienced a decrease in sales volume. Check out the numbers below going back to 2005. As [...]
Tags:Alabama·columbiana·homes·lake·lake front·lakefront·Lay Lake·property values·Shelby·shelby county·value trends·wilsonville
Birmingham, Alabama Home Sales-Most Expensive Home Sale YTD-November 2011
November 21st, 2011 by Tom Horn · 2 Comments · Appraisal, Market Trends, Photos From The Field
It’s been a while since I looked at the most expensive home sale in the Birmingham, Alabama area. I took a break from this subject for a while but then discovered this was a pretty popular search topic for readers of my blog, so I decided to revisit the “most expensive home sale” and see [...]
Tags:AL·Birmingham Alabama Property Values·executive homes·home prices·house prices·most expensive home sale·pam ausley·property value·REMAX·shelby county·wilsonville
