I was asked a great question yesterday that I thought I would share with you. Can pending sales be used in an appraisal? The short answer is “yes”. Appraisers have three options for comparables. They include closed sales, active listings, and pending sales. The appraiser must use a minimum of 3 closed sales in the […]
FHA Repair Item…or Not?
July 5, 2011 By 4 Comments
I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the […]
Getting Inside The Head of a Real Estate Appraiser: Tips To Make Your Appraisal Inspection Go Smoother
June 22, 2011 By 7 Comments
Have you ever needed to get an appraisal on your home and worried about what the appraiser looks at and considers important and what he doesn’t care about? It’s o.k. if you have felt this way, it’s a valid concern. Sometimes I feel that the appraisal profession is cloaked in a veil of secrecy and […]
Birmingham Alabama Appraiser : Hoover Alabama-Lake Crest Market Trends-2011 Update
June 20, 2011 By 2 Comments
I recently performed an appraisal in the Lake Crest subdivision of Hoover, Alabama and I wanted to share with you what I found. Lake Crest is located just off of Highway 150 and east of Shades Crest Road. This is a very convenient area in Hoover with close access to interstate 459 and Regions Park, […]
5 Reasons Why A Realtor Should Order An Appraisal Before Listing A House
June 15, 2011 By 2 Comments
Realtors are experts at selling houses. They are versed in what buyers want in a home. They keep up with the latest in architectural styles, neighborhood trends and financing options. Ideally all of this knowledge is maximized on every listing, but realistically that may not always be the case. There may be times when one […]
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