Does Square Foot Source Affect Sale Price? If you are a real estate agent you may want to stick around and read this to the end. The source of square footage information that you use in your listings could possibly affect what you sell it for. If you use county tax assessor information as a […]
Should I Make Repairs To My Home Before It’s Appraised?
December 11, 2018 By 22 Comments
To Repair Or Not To Repair I received a phone call this week from a reader of my appraisal blog. They told me that they are getting a home equity loan and the real estate appraiser is coming out next week. They wanted to know if they should make repairs to their home before the […]
Why Appraisers?
December 5, 2018 By 25 Comments
Appraisers Under Fire Once Again Appraisers are once again being brought into the public spotlight as their importance in the home valuation process is being questioned. In a recent move, the FDIC, Federal Reserve, and the Treasury Department issued a joint proposal that would eliminate the need for an appraisal on mortgages for less than […]
What is Functional Obsolescence?
November 28, 2018 By 16 Comments
What Is Functional Obsolescence? You may never have heard the phrase “Functional Obsolescence” before but I’ll bet you’ve seen it. Today we’re going to take a look at a common flaw in homes that can negatively affect their value. The textbook definition (from the Dictionary of Real Estate Appraisal, 5th Edition) states that functional obsolescence […]
Will Birmingham Opportunity Zones Increase Home Values?
November 15, 2018 By 3 Comments
Birmingham Opportunity Zones Could Transform The Area Birmingham recently became eligible for a federal program that provides tax breaks to investors who are willing to put their money into specific low-income areas around the metropolitan area. This could be a game changer for the city and could potentially have a positive impact on home values […]
Let’s Connect