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 […]
What you SHOULD expect from your appraiser during the property inspection
February 1, 2013 By 4 Comments
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 […]
What is an acceptable form of heating and cooling for FHA appraisals?
January 18, 2013 By 4 Comments
I get questions all the time from buyers, sellers, and agents, about FHA/HUD standards as it pertains to the appraisal and what may or may not qualify. The main principle, as I have written about in the past, pertains to health and safety issues. I am appraising a property now that uses a window unit […]
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