5 Mistakes homeowners make in pricing their homes Appraisers measure market value, and market value is defined as the following: Market value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and […]
What is the FHA rule for electrical outlets?
June 16, 2015 By 33 Comments
What is the FHA rule for electrical outlets? FHA appraisals vary from conventional appraisals on various things related to the safety, soundness and security of the house. Some of the items that appraisers look at to determine whether they function or not can be easily inspected by the seller or real estate agent prior to […]
A growing concern in the Birmingham, AL Multiple Listing Service
June 8, 2015 By 4 Comments
A growing concern in the Birmingham, AL Multiple Listing Service With a little over a year into the implementation of the requirement to add square footage figures to multiple listing sheets I see a common trend that bothers me. I frequently see inaccurate square foot figures being added to listings that will in the long […]
5 Things the agent can share with the appraiser to help with the appraisal
May 26, 2015 By 12 Comments
5 Things the agent can share with the appraiser to help with the appraisal Often times during the appraisal process the real estate agent feels helpless with regard to how the appraisal will turn out. There are things however that they can do to help the appraiser provide the most complete and accurate appraisal and […]
When is it okay NOT to use sales in the same subdivision?
May 12, 2015 By 8 Comments
When is it okay NOT to use sales in the same subdivision? One of the questions or topics I get asked about a lot from real estate agents is about how to pick the best sales to price a home. There seems to be a lot of confusion about how old the sale is (the […]
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