During an appraisal inspection the appraiser meets with either the homeowner or possibly the listing agent if it is a home that is under contract. Many times we are asked questions about the house and how the appraisal may come out and other times we are confronted with situations that effect how we perform our […]
Appraisal vs CMA vs BPO – What’s the difference?
July 1, 2013 By 12 Comments
Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]
Will Birmingham’s revitalization trend help property values?
June 10, 2013 By 3 Comments
Changes in the Birmingham Cityscape – In case you haven’t been paying attention good things are happening in Birmingham. There is a current trend in revitalization of the downtown area of Birmingham that includes a recent move by the Birmingham Barons to the new Regions field, the opening of first class restaurants, new craft breweries, […]
When is price per square foot NOT a good indicator of market value?
June 5, 2013 By 15 Comments
A few days ago I had a real estate agent friend ask me how much homes were appraising for per square foot in a local neighborhood. It was a very good question, especially for anyone who wants to get an idea of their home’s value. And because I get asked this question a lot I […]
Real Estate Market Update: Chelsea Park- Chelsea, Alabama
May 28, 2013 By 4 Comments
I recently did an appraisal in the Chelsea Park Subdivision in Chelsea, Alabama and I thought I would share with you what’s going on there. This is a large residential development that has experienced new construction growth in 2013. Chelsea Park is located just south of Highway 280 in Shelby, County Alabama. It is a […]
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