I was doing some work recently for a novice property investor and he was asking me some questions about FHA required repairs. He wanted to prepare the house he just purchased so that if the buyers were going to use FHA financing there wouldn’t be any issues at the last minute to hold up the […]
Birmingham, AL Realtors, are you a socially savvy agent?
January 17, 2012 By 8 Comments
Do you consider yourself a socially savvy agent? Do you tweet, blog, or post videos on Youtube? Are you on LinkedIn, Facebook, or some other social network? If you are not you may want to think about it. In our ever changing business environment being knowledgeable and participating in the online social scene is becoming […]
Seller Tips: Picking The Right Comps To Help Narrow The Gap Between List Price and Sale Price
December 19, 2011 By 7 Comments
After looking over a weeks worth of real estate sales data I have found a trend in some market areas. That trend is the increasing gap between what a house was initially listed at and the final sales price. This is one of the statistics appraiser’s look at, and this week in one area I […]
Why You Need A Local Appraiser In Today’s Real Estate Market
November 21, 2011 By 9 Comments
I’ve written about this in the past but thought I would mention it again because I have received a couple of calls within the past month from loan officers not happy with the appraisals they have received. In both situations, out of town appraisers were used.
Ask The Appraiser: Can Pending Sales Be Used In An Appraisal?
July 14, 2011 By 12 Comments
I was asked a great question yesterday that I thought I would share with you. Can pending sales be used in an appraisal? The short answer is “yes”. Appraisers have three options for comparables. They include closed sales, active listings, and pending sales. The appraiser must use a minimum of 3 closed sales in the […]
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