What Is The FHA Rule For Plumbing?

A Look At The FHA Rule For Plumbing I had an FHA appraisal this week where I ran into some problems that I want to share with you. I’m doing this because I thought that agents might benefit from knowing the FHA rule for plumbing to help prevent possible delays in the appraisal process as […]

A Look At Home Sales In Birmingham’s Eastlake Neighborhood

Will Eastlake Be The Next Hot Market In Birmingham? Over the last several years home sales within Birmingham have generally been on the upswing. While you always have certain segments of every market that tend to lag behind you also have those areas that follow the general trend of the area. In the past, Birmingham’s […]

Is The Agent Liable If No Appraisal Is Done?

What Do You Mean I Don’t Need An Appraisal? With the growing trend of non-traditional appraisal products such as Property Inspection Waivers (PIW’s) as well as cash sales, a question that has been raised is whether real estate agents can be held liable if no appraisal is done. Today I’m going to discuss the concerns […]

7 Things Buyers Should Know About PIW’s & Hybrid Appraisals Or You’re Screwed

Caveat Emptor I’ve been writing about property inspection waivers (PIW’s) and hybrid appraisals recently and thought I would highlight some of the most important things that buyers should know to protect themselves. If you are curious about what PIW waivers and hybrid, or bifurcated appraisals are, check out my earlier posts. Today I want to […]

The Importance Of Accurate MLS Information

Accurate MLS Information Is Necessary For Reliable Appraisals Have you heard the old saying “garbage in garbage out”? Do you know what it means? It basically means that the quality of output is determined by the quality of input. In appraising this means that the quality of our appraisal results is a direct result of […]

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