Market Value Dissected There are different definitions of market value but today I’m going to discuss the one that appraisers use in their appraisal reports. Here is the definition of market value that is included in every appraisal report: The most probable price which a property should bring in a competitive and open market under […]
How Much Have Birmingham Home Prices Risen Since the Bottom of the Market?
April 20, 2021 By 6 Comments
Birmingham Home Prices Then and Now The real estate market is red hot but have you ever considered how much Birmingham home prices have risen since we hit rock bottom after the housing crash back around 2008? Appraiser friend Ryan Lundquist, who runs the Sacramento appraisal blog (I highly recommend you check it out) asked […]
Insurance Appraisal vs Bank Appraisal: What’s The Difference?
April 7, 2021 By 7 Comments
Is There A Difference Between an Insurance Appraisal and a Mortgage Appraisal? A question I’ve been asked in the past has to do with the difference between an insurance appraisal and a bank appraisal. While both are appraisals there are big differences between the two so I thought I would share with you what they […]
What is a Pass-through Bedroom?
April 1, 2021 By 2 Comments
Things to consider with a pass-through bedroom You may not have heard it called a “pass-through bedroom” but I’ll bet you know what it is. If you’ve ever been in a house where you need to pass through one bedroom to get to another one then you probably know what I’m talking about. These are […]
5 Things Agents MUST Provide The Appraiser In Today’s Hot Market
March 25, 2021 By 5 Comments
Still Having Problems With Your Appraisals? I keep hearing that agents are still having some issues with homes not appraising for the contract amount. Is this you? If so, are you doing everything you can to provide the data you used in pricing and contract negotiations to the appraiser? I know it may sometimes seem […]
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