Home Appraisal Turn Times Are Affected By Many Things Have you wondered why it’s taking so long to get your appraisal back? Appraisal turn times can vary from 1 to 14 days or longer depending on the property and other various factors. In the midst of the Coronavirus pandemic, you would think the market would […]
7 Characteristics of Good Sales Comparables
October 13, 2020 By 6 Comments
What To Look For In Good Sales Comparables I’ve heard it said that 99% of coming up with an accurate value estimate in an appraisal or pricing a home is getting the right sales comparables. If you don’t do this in the beginning everything else you do amounts to nil. The whole idea of using […]
Will The Appraiser Give Me Full Credit For My Landscaping?
October 7, 2020 By 5 Comments
How Much Value Do You Get For Landscaping? I was asked this question about landscaping by a homeowner during an appraisal inspection this week. I thought I would share the answer on my blog because I’m sure others have asked the same question. My answer really doesn’t just pertain to landscaping though. It can explain […]
Appraiser’s Tips For Making A Market Based Offer
October 2, 2020 By 2 Comments
Using Housing Stats To Make A Market Based Offer I recently wrote about escalation clauses and how to avoid appraisal issues. I wrote about this because escalation clauses typically cause the contract price to be pushed up higher than the list price. I’m not saying that when this occurs that the contract price cannot be […]
How To Avoid Appraisal Issues When Using An Escalation Clause
September 8, 2020 By 6 Comments
What Is An Escalation Clause? Today’s real estate market in many areas could be described as tight, meaning that inventory is low and demand is high. This is exactly how it is in many areas of Birmingham, AL where I appraise. New listings are not staying on the market long before buyers write a contract. […]
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