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 […]
Seller Tips: Picking The Right Comps To Help Narrow The Gap Between List Price and Sale Price
December 19, 2011 By 7 Comments
Assessing The Health Of The Birmingham, AL Real Estate Market-Foreclosure Trends
December 16, 2011 By 4 Comments
Today I thought I would take a look at one of the key elements in assessing the health of the Birmingham, AL real estate market. There are different key indicators including number of sales, change in mean and average sales price, and number of active listings (inventory) to name a few, but today I decided […]
Birmingham, Alabama Home Sales-Most Expensive Home Sale YTD-November 2011
November 21, 2011 By 2 Comments
It’s been a while since I looked at the most expensive home sale in the Birmingham, Alabama area. I took a break from this subject for a while but then discovered this was a pretty popular search topic for readers of my blog, so I decided to revisit the “most expensive home sale” and see […]
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, […]
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