In a recent article by the Alabama Center For Real Estate (ACRE) it was reported that January 2012 residential home sales in the state of Alabama were up 17.6% from a year ago (2011). This announcement followed up the news that 2011 saw an increase of 2% over 2010. Great news, right? Of course any […]
Photos from the field- FHA repair item or not?
February 27, 2012 By 3 Comments
On one of my inspections recently I came across this empty pool. The house I was appraising was not using FHA financing, however because FHA typically has more stringent requirements about the condition of a property I thought I might share the picture with you and ask a couple of questions: Do you think this […]
Appraising In The Aftermath Of A Tornado-Birmingham, Alabama
January 30, 2012 By 4 Comments
How do you appraise a home that has been destroyed in a tornado? That is the question I got from a friend recently after I told him I had gotten some assignments in the storm devastated areas of Birmingham, Alabama. I thought that since he was curious about this that others may be also. I […]
Are these FHA required repairs?
January 20, 2012 By 6 Comments
I was doing some work recently for a novice property investor and he was asking me some questions about FHA required repairs. He wanted to prepare the house he just purchased so that if the buyers were going to use FHA financing there wouldn’t be any issues at the last minute to hold up the […]
I Can Help Birmingham, AL Realtors With Their Sales Meetings
January 9, 2012 By Leave a Comment
If you are a Realtor in the Birmingham, AL area I would like to help you with your sales meetings by providing appraisal education to your agents. I have spoken in the past at local real estate offices about how to read an appraisal, how we come up with comparables, why we sometimes must use […]
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