Birmingham Median Home Prices: Feb ’21 vs Feb ’22

A Look At February Year Over Year Median Sales Price In Birmingham So how’s the Birmingham real estate market looking? This is a question I get asked frequently since I am a real estate appraiser. There are a lot of different ways to look at the real estate market. Today I thought I would focus […]

Understanding The Appraisal Part 3: The Cost Approach

A Closer Look At The Cost Approach There are three approaches to value that can be used in a residential appraisal. They are the sales comparison approach, the income approach, and the cost approach. Today I will be explaining the cost approach to value. This approach is not given as much attention as the sales […]

Understanding The Appraisal Part 2: Condition and Quality Ratings

A Closer Look at Condition and Quality Ratings Last week I kicked off my “Understanding The Appraisal” series by discussing the Adjusted sale price of comparables. This week we’re going to look at the Condition and Quality Ratings assigned to the subject property. Prior to the introduction of the Uniform Appraisal Dataset (UAD), appraisers would […]

Understanding The Appraisal Part 1: What is “Adjusted sale price of comparables”?

Understanding The Adjusted Sale Price of Comparables I’m kicking off a short series to help readers of an appraisal report understand what they are looking at. It seems sometimes that the only two things that most people are concerned about with an appraisal are how fast can you get it to them and what is […]

Why Agents Should Identify FHA Issues Before The Appraisal

Ignoring FHA Issues Before the Appraisal Can Cost Time and Money We’re a microwave society. We want things done fast so we can move on to the next thing on our to-do list. The home buying process is no different. I’ve read that the goal in the mortgage business is to make it as quick […]

Sign up and get valuable content!

  • Get local real estate market data
  • Learn valuable information from a seasoned appraiser
  • Find out what adds value to your home

I respect your privacy. Your information stays with me.

Call Now Button