What Does The Recent Change In The Appraisal Threshold Mean For Home Buyers?

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?

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?

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?

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?

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 […]

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