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 […]
Will Birmingham Opportunity Zones Increase Home Values?
November 15, 2018 By 3 Comments
Birmingham Opportunity Zones Could Transform The Area Birmingham recently became eligible for a federal program that provides tax breaks to investors who are willing to put their money into specific low-income areas around the metropolitan area. This could be a game changer for the city and could potentially have a positive impact on home values […]
Get Ready For Lower Quality Appraisals
October 30, 2018 By 11 Comments
The Hybrid Appraisal Is All The Rage Have you heard about the new trend in appraisals? Lenders have started requesting what is known as a bifurcated appraisal. A bifurcated appraisal, also known as a hybrid, involves dividing the appraisal process up among multiple individuals in an effort to save time and money. It usually looks […]
Is a Pre-listing Appraisal Still a Good Idea?
August 23, 2018 By 5 Comments
Should I Get a Pre-listing Appraisal? I recently ran across an article where a homeowner was asking a real estate agent whether they should get a pre-listing appraisal on their home prior to selling. The answer the agent gave interested me because it contained numerous errors and misunderstandings about appraising and appraisals. I have been […]
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