If you are a Realtor in the Birmingham, AL area I would like to help you with your sales meetings by providing appraisal education to your agents. I have spoken in the past at local real estate offices about how to read an appraisal, how we come up with comparables, why we sometimes must use […]
Seller Tips: Picking The Right Comps To Help Narrow The Gap Between List Price and Sale Price
December 19, 2011 By 7 Comments
After looking over a weeks worth of real estate sales data I have found a trend in some market areas. That trend is the increasing gap between what a house was initially listed at and the final sales price. This is one of the statistics appraiser’s look at, and this week in one area I […]
Why You Need A Local Appraiser In Today’s Real Estate Market
November 21, 2011 By 9 Comments
I’ve written about this in the past but thought I would mention it again because I have received a couple of calls within the past month from loan officers not happy with the appraisals they have received. In both situations, out of town appraisers were used.
Market Value: The X-Factor in Most Real Estate Transactions
November 16, 2011 By Leave a Comment
Most people have a good idea of what market value is. A short and abbreviated definition of Market Value is as follows: Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, […]
What Red Flags Can Kill A Birmingham, AL Area FHA Appraisal?
October 18, 2011 By 2 Comments
Have you ever wondered if a house would pass an FHA appraisal inspection? FHA does have more stringent appraisal guidelines than conventional loans but if you know what to look for then you can be ready before any problems come up. I have included some of the top problems I have seen in my 20+ […]
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