Over the past several years appraisers and real estate agents have had a confusing relationship. When I say this I am mainly talking about an agents understanding of exactly what they can and cannot talk to an appraiser about. I thought I would approach this topic from a qualifications point of view and look at […]
5 questions a Realtor should ask the appraiser before setting up the appraisal inspection
November 12, 2013 By 6 Comments
5 questions you must ask yourself before getting an appraisal
October 25, 2013 By Leave a Comment
I had a reader email me a question last week asking why they should get an appraisal on their home, and I want to share with you the answer I gave them with the hope that it can help you make a similar decision. This person asked me “Why do I need to get an […]
A way to help Birmingham, Alabama Realtor’s price their listings better
August 29, 2013 By 2 Comments
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 […]
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 […]
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