What Can The Brady Bunch House Renovation Teach Us About Value Are you a fan of the old Brady Bunch show? If not you may be a little lost with my topic this week but I hope you’ll stick around to the end because I’ve got some things I’d like to share that may be […]
What Does The Recent Change In The Appraisal Threshold Mean For Home Buyers?
August 28, 2019 By 14 Comments
Appraisal Threshold Increases In case you haven’t heard, the FDIC voted this past week to increase the minimum appraisal threshold to $400,000 for residential appraisals. This was a $150,000 increase from the previous amount of $250,000. What this simply means is that certain home sales of $400,000 and below will no longer require an appraisal. […]
Do Birmingham Home Appraisers Set Local House Values?
August 1, 2019 By 2 Comments
How Do Birmingham Home Appraisers Come Up With Value? I’ve recently read in the news and seen people’s comments that question an appraiser’s influence on home values. In one recent congressional hearing a participant accused appraisers of being racist and holding down home values in predominantly black neighborhoods. I also read comments from an individual […]
What Is A Bifurcated Appraisal And Why Should I Care?
February 6, 2019 By 32 Comments
A Closer Look At The Bifurcated Appraisal They go by various names including hybrid and bifurcated appraisal but they have one thing in common: they are being touted as the next best thing since sliced bread. Why are lenders so excited about them? They’ve been promoted for lowering the cost and shortening the turn around time […]
Why Appraisers?
December 5, 2018 By 23 Comments
Appraisers Under Fire Once Again Appraisers are once again being brought into the public spotlight as their importance in the home valuation process is being questioned. In a recent move, the FDIC, Federal Reserve, and the Treasury Department issued a joint proposal that would eliminate the need for an appraisal on mortgages for less than […]
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