A Millennial’s Guide to Understanding the Home Appraisal Millennials have recently become a big topic in real estate circles. Some reports indicate that they have surpassed baby boomers as the largest generational group in the United States. They also make up the largest group of home buyers. Millennials consist of people born between the early […]
What is the FHA Rule for Heating and Cooling Systems?
November 8, 2017 By 75 Comments
Confused about the FHA Rule for Heating and Cooling Systems? I’ve received a lot of calls recently regarding the FHA rule for heating and cooling systems. You may have wondered what FHA heat source requirements are or what is considered a permanent heat source. Does FHA require central heat and air? Today we’re going to […]
5 House Flipping Tips From a Birmingham Home Appraiser
November 2, 2017 By 6 Comments
House Flipping Tips From a Birmingham Home Appraiser By learning these house flipping tips from a Birmingham home appraiser you can avoid common mistakes made by investors. While I’m not a home-flipping expert I am an appraiser that has seen numerous mistakes by home flippers that could have been avoided if they had known some […]
What is gross living area in an appraisal?
September 13, 2017 By 19 Comments
What’s the big deal with gross living area? There is a direct correlation between the amount of gross living area in your home and its market value. If everything else is the same, a home with greater square footage (gross living area) will typically be worth more. During an appraisal, the appraiser will take measurements […]
What makes a good sales comparable?
September 6, 2017 By 10 Comments
A guide to choosing a good sales comparable As an appraiser, I speak a lot at real estate agent’s offices. One of the most popular questions I get is how to choose a good sales comparable. This may seem like a very basic question to an appraiser but it can be confusing to an agent. […]
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