It is important to know what criteria is considered when deciding what areas in a house are included in the total gross living area (GLA). I explained to a real estate agent recently what to look for in a sunroom to determine if you can include it.
Ask The Appraiser
March 27, 2014 By Leave a Comment
Today I’m going to answer a couple of questions I got this week on my Facebook page. I enjoy receiving questions from real estate agents, mortgage professionals, home owners, and anyone else curious about how the appraisal process works. If you have a question you would like included in the “Ask The Appraiser” section of […]
How to properly measure a house to get accurate square footage
March 24, 2014 By 20 Comments
New Requirements As I write this post the Birmingham, Alabama real estate market is a little over one month away from making it a requirement that local agents report accurate square footage on their MLS listings. In the past this was not mandatory and in August of 2010 agents were given an option to add […]
Can the cost approach be used over the sales comparison approach since it’s higher?
March 20, 2014 By 26 Comments
This was a question I got asked today from a frustrated seller. She had called me to get my opinion of an appraisal that was done on her home that had appraised lower than the contract amount. I would like to share with you my answer to her as well as my thoughts on the […]
5 common errors to look for in your appraisal report if it comes in low
March 17, 2014 By 16 Comments
Appraisal Come In Low? A popular topic among users of appraisal services these days is low appraisals. As you know the real estate market has been depressed over the last several years and a result of this is that appraisals for refinancing and home purchase’s have come in low. While foreclosures and the overall downturn […]
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