The Birmingham, Alabama Multiple Listing Service (now known as the Greater Alabama MLS) is unique in that it is not a requirement to list the gross living area (square footage) of listings. In 2010 I wrote about the new option they offered to provide this information, however as of the current date I still do […]
A way to help Birmingham, Alabama Realtor’s price their listings better
August 29, 2013 By 2 Comments
Appraisal vs CMA vs BPO – What’s the difference?
July 1, 2013 By 13 Comments
Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]
When is price per square foot NOT a good indicator of market value?
June 5, 2013 By 15 Comments
A few days ago I had a real estate agent friend ask me how much homes were appraising for per square foot in a local neighborhood. It was a very good question, especially for anyone who wants to get an idea of their home’s value. And because I get asked this question a lot I […]
Are you worried that the home you’re buying with screw in fuses may not meet FHA/HUD guidelines?
May 20, 2013 By 7 Comments
I was looking at a home this week, for an FHA loan, that had screw in fuses. Have you ever seen these? They use to be common years ago, however at some point they were replaced with circuit breakers. I have been asked by homeowners and real estate agents if these fuses meet HUD’s minimum […]
What you should know about FHA guidelines for attics if you want to sell your home
March 27, 2013 By 39 Comments
I received an email this week asking what the FHA guidelines for attics was from a person who wanted to sell their home. They wanted to make sure it met these guidelines just in case the buyer used an FHA loan. So I thought I would share my answer with you in case you might […]
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