I had a reader email me a question last week asking why they should get an appraisal on their home, and I want to share with you the answer I gave them with the hope that it can help you make a similar decision. This person asked me “Why do I need to get an […]
Why does the appraisal ALWAYS come in at the contract amount?
October 22, 2013 By 6 Comments
I get asked this question a lot, so I thought I would address this issue that many people are curious about. I don’t think it happens ALL the time but I know real estate agents have seen it enough to question why it seems the appraisers value is the same as the contract amount. To […]
What is the state of the luxury home market in Birmingham, Alabama?
October 14, 2013 By 5 Comments
There has been a lot written recently about the real estate market recovery, but most of the data discusses more moderately priced homes. I thought I would take a look at the luxury home market in the Birmingham, Alabama area to see how it has performed over the last several years. For purposes of this […]
5 free apps and how I use them in my real estate appraisal business
October 8, 2013 By 6 Comments
Running an appraisal business can be fun and rewarding. If you own any kind of business you understand the need to control expenses and that task is getting easier and easier these days due to all of the free apps that are available. I wanted to share with you today 5 free apps that I […]
Do I have to repair it now, or can I wait until the loan closes?
October 3, 2013 By 3 Comments
I was speaking with a real estate agent friend recently about FHA appraisals and specifically about items that needed repair. Several years ago HUD made revisions to their guidelines regarding items that needed repair on an FHA purchase. I think they were attempting to make FHA loans more purchaser friendly because their requirements were much […]
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