5 questions you MUST ask your Birmingham, AL real estate appraiser

It’s important to know a little about your appraiser before he/she actually appraises your home. If they don’t possess the best qualifications, and you wait until after the appraisal has been completed to find this out, you may have to spend unnecessary time getting a “reconsideration of value”. Why not just ask these five questions […]

The appraisal value is just the average of sales, right?

On two separate occasions within the last several weeks I have ran across instances where real estate professionals have made the statement that the value appraisers come up with is just the average of sales. Have you heard this, or is this what you think? This could not be further from the truth, so I […]

Why do appraisers make adjustments?

Have you ever asked yourself why appraisers make adjustments? It’s not something you think about everyday, but whenever you get an appraisal back from the appraiser or the bank,  it’s something you may think about and that may make you scratch your head.  Why did they make a positive adjustment for this, and a negative […]

What is the FHA rule for crawlspaces?

FHA loans continue to make up a large part of the finance market for homes that are currently being purchased. I get a lot of questions about FHA rules because they are more strict than conventional loans when it comes to the condition of the home. A Realtor friend asked me recently what the current […]

What do appraisers look for?

If you’ve recently purchased a home, refinanced, or gotten a home improvement loan, you may have asked yourself “what do appraisers look for”? When we snoop all over your home, look into closets, and make those funny sketches you may be wondering how this helps me come up with a value for your home. Appraisers […]

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