Most people have a good idea of what market value is. A short and abbreviated definition of Market Value is as follows: Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, […]
Signs of Real Estate Life In Vestavia Hills, Alabama-Miller Hill Subdivision
November 4, 2011 By 6 Comments
I was doing some appraisal work in Vestavia Hills, Alabama this past week and ran across the Miller Hill Subdivision. This is a newer subdivision with new construction. I’ve reported in the past about the slow market for new construction, so when I see it I like to let people know the good news. It […]
Which Of These Houses Does Not Conform?
October 31, 2011 By 2 Comments
Appraisers talk about conformity when describing houses that do not “fit in” to the neighborhood. Sometimes this can be subjective but you can usually tell when it has occurred. Neighborhoods have certain characteristics relating to price range, house style and various other factors. Some times house style and price range intersect and you have an […]
Dude, Where’s My Porch?
October 27, 2011 By 3 Comments
Remember the movie “Dude, Where’s My Car?”, with Ashton Kutcher? I didn’t think so, it was not very memorable. These days Ashton Kutcher has more things to worry about than bad movies from his past, but the movie did come to mind when I saw this house. As you can see, it is missing […]
What In The World Is A Tumble Bus And What Does It Have To Do With Appraising?
October 21, 2011 By 2 Comments
The answer to the second question in the title is that the Tumble Bus has absolutely nothing to do with real estate appraisal. The answer to the first question is something I thought I would share with you. As a real estate a real estate appraiser in Birmingham, AL I get to drive around a […]
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