In The News: The Property Inspection Waiver Just in case you haven’t been in the market for a home mortgage recently there’s something new these days that you should be aware of. The current buzzwords recently have been Property Inspection Waiver or PIW. A Property Inspection Waiver consists of the option to forgo a traditional […]
Lake Crest Real Estate Market Update in Hoover, AL
September 22, 2017 By 2 Comments
Lake Crest housing by the numbers I recently completed an assignment in the Lake Crest subdivision in Hoover, AL and thought I would share with you some market stats. The data in this chart goes back 5 years and includes current active listings. Lake Crest is located in Hoover, AL just off of Interstate 459, […]
What is gross living area in an appraisal?
September 13, 2017 By 19 Comments
What’s the big deal with gross living area? There is a direct correlation between the amount of gross living area in your home and its market value. If everything else is the same, a home with greater square footage (gross living area) will typically be worth more. During an appraisal, the appraiser will take measurements […]
What makes a good sales comparable?
September 6, 2017 By 10 Comments
A guide to choosing a good sales comparable As an appraiser, I speak a lot at real estate agent’s offices. One of the most popular questions I get is how to choose a good sales comparable. This may seem like a very basic question to an appraiser but it can be confusing to an agent. […]
9 Unintended consequences from no appraisal mortgages
August 31, 2017 By 37 Comments
Are no appraisal mortgages a wolf in sheep’s clothing? I’ve seen a lot of celebration recently from various players in the home purchase and mortgage game regarding the decision by Freddie Mac to skip getting a traditional appraisal. While it may sound good up front because they promise to reduce the cost to the buyer […]
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