I’m doing some appraisal work in the Pleasant Grove, AL area this week and ran across some interesting sales trends. If you recall, a major tornado came through the Pleasant Grove area in April of 2011, causing catastrophic damage. Houses were totally destroyed and blown off of their foundations. Since then recovery has been slow. […]
What you SHOULD expect from your appraiser during the property inspection
February 1, 2013 By 4 Comments
I’m writing this post because of an article I saw recently online. The article was about what homeowners could do to improve their home appraisal. It provided helpful tips that I agreed with, but I did not agree with the quote from an appraiser that was included. He stated that “The reality is that the […]
Using graphs to visualize Birmingham’s 2012 real estate market
January 30, 2013 By 2 Comments
Using graphs to see trends in real estate sales activity can help you understand exactly what is going on in a market. Within the Birmingham, Alabama real estate market there was good news in 2012; we finally saw a steady increase in the median sales price of homes. Each sub-market is different but I was […]
What is a “Subject To” appraisal, and how can it save me money?
January 26, 2013 By 18 Comments
The “Subject To” appraisal is one that many people do not understand, so I thought I would share with you today a situation in which a “Subject To” appraisal could have saved the homeowner thousands of dollars. A “Subject To” appraisal is one in which the value is based on a what a home will […]
Why do you need a copy of the sales contract Mr. Appraiser?
January 23, 2013 By 24 Comments
Have you ever wondered why the appraiser needs a copy of the sales contract? They’re just going to use it to come in at the contract price, right (not really)? If you’ve ever asked yourself this question I hope I can help you understand why it is important that the appraiser review the sales contract […]
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