You may wonder what I am referring to when I state “The Good, The Bad, and The Ugly in Shelby County Home Sales”. I am referring to new home sales, foreclosure sales, and the percentage of foreclosures compared to total sales activity in the Shelby County, Alabama area. By looking at these figures we can […]
How To Estimate The Value Of Your Home Without Getting An Appraisal
August 1, 2011 By 2 Comments
If you are in the market to sell your home the best thing you can do is to get a qualified appraiser to provide you with an appraisal of your home. This will ensure that the most accurate sales and listing information is used to give you the most precise value estimate. If you are […]
Ask The Appraiser: Can Pending Sales Be Used In An Appraisal?
July 14, 2011 By 12 Comments
I was asked a great question yesterday that I thought I would share with you. Can pending sales be used in an appraisal? The short answer is “yes”. Appraisers have three options for comparables. They include closed sales, active listings, and pending sales. The appraiser must use a minimum of 3 closed sales in the […]
Waterford Subdivision, Calera, AL-2011 Price Trend Update
July 11, 2011 By Leave a Comment
If you live in the Waterford subdivision in Calera, Alabama and have been wondering how property values have been doing, I may have the answer for you. I was in the subdivision recently working on a job and collected some interesting sales data. For those not familiar with this neighborhood, Waterford subdivision is located in […]
FHA Repair Item…or Not?
July 5, 2011 By 4 Comments
I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the […]
Let’s Connect