What Impact Do Renovations Have on Appraisal Value?

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The truth of the matter is that it is difficult to give a straightforward answer. Contrary to what you see on the home improvement shows it is not always […]

Has the Birmingham Real Estate Market Changed Since 2023?

Birmingham Real Estate Market Update: First Quarter 2024 vs 2023 The first quarter of 2024 is now under our belts so this week I’ll be taking a look at how Q1 of 2024 compared to Q1 of 2023. The big story for 2024 is interest rates, and as of the writing of this post, rates […]

Can a New Construction Sale be Used as a Comp for an Older Home?

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates.   Prices have held steady and even increased in some […]

Why Agents Should Share Their CMA With The Appraiser

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. You might ask yourself how they […]

Housing Statistics for Beginners, Part 3

Final Insights on Housing Statistics for Real Estate Agents We are in the last part of my Housing Statistics for Beginners series and I want to thank you for following along. Knowing what the stats are and how to find them is very important in analyzing the real estate market because it helps us make […]

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