This is a question you may have asked yourself at some point. Have you ever dreamed of having one built but don’t know it’s value in your area? Every neighborhood is different, and some areas will give you a bigger return on your investment than others. Swimming pools are always used by appraisers as examples […]
What’s happening to home sellers in the Birmingham, Alabama market?
April 2, 2012 By Leave a Comment
I am the biggest proponent of getting an appraisal for home owners wanting to sell. You might say “of course you are, you’re an appraiser”, but guess what?, the word is getting out! I say this because I have performed more “pre-listing” appraisals recently than normal. I think this is a good sign that homeowners […]
FHA rules for termite inspections
March 5, 2012 By 6 Comments
If you have ever bought or sold real estate with FHA financing you know that HUD/FHA loans are a little different than conventional loans. In an effort to keep everyone updated I thought I would share some information HUD/FHA provided recently. FHA does not automatically require inspections to be made on all loans, however several […]
What are the best indicators of a recovery for the real estate market?
March 2, 2012 By 2 Comments
In a recent article by the Alabama Center For Real Estate (ACRE) it was reported that January 2012 residential home sales in the state of Alabama were up 17.6% from a year ago (2011). This announcement followed up the news that 2011 saw an increase of 2% over 2010. Great news, right? Of course any […]
Photos from the field- FHA repair item or not?
February 27, 2012 By 3 Comments
On one of my inspections recently I came across this empty pool. The house I was appraising was not using FHA financing, however because FHA typically has more stringent requirements about the condition of a property I thought I might share the picture with you and ask a couple of questions: Do you think this […]
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