This post was prompted by a survey I saw on the AppraisalPort website. The survey question asked appraisers if they worked at a second job to supplement their regular appraisal income. It seems with the slow real estate market and the implementation of the HVCC last year, business has slowed down for a lot of […]
So You Think You Know What a Foreclosure Looks Like, Huh?
June 12, 2010 By 4 Comments
I’ve talked about foreclosure properties in previous posts and how they are providing competition to non foreclosure properties. It really is something you have to consider when pricing your home. As appraisers we look at past sales and current active inventory. If there are other properties for sale that are similar to yours and in […]
Birmingham, Alabama Home Sales-Most Expensive Home Sale in May-2010
June 1, 2010 By 2 Comments
This months most expensive home sale reported by the Birmingham Multiple Listing Service is located on Red Mountain in the Redmont area of Birmingham, Alabama. The home sold for $2,700,000. It was built in 1922 and is situated on six acres. This area has a lot of historical homes with beautiful architecture. It has a […]
Birmingham AL Real Estate Shows Positive Growth For April 2010
June 1, 2010 By 2 Comments
There is good news for the Birmingham, AL real estate market. Home sales showed a positive trend in April 2010, over 2009. The Alabama Center for Real Estate (ACRE) reported that April sales were at 1,061, compared to 887 for last year. The first time home-buyer tax credit most likely had a lot to do […]
Shelby County Alabama Property Values Decline
May 23, 2010 By 4 Comments
Shelby County tax assessors recently released their latest reassessments for 2009 and the results revealed that property values have declined for the first time in many years. Both ends of the value spectrum have been affected. From starter home subdivisions like Ironwood to upscale neighborhoods like Greystone and Highland Lakes. According to the report 80% […]
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