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 […]
Will Birmingham’s revitalization trend help property values?
June 10, 2013 By 3 Comments
Changes in the Birmingham Cityscape – In case you haven’t been paying attention good things are happening in Birmingham. There is a current trend in revitalization of the downtown area of Birmingham that includes a recent move by the Birmingham Barons to the new Regions field, the opening of first class restaurants, new craft breweries, […]
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 […]
Real Estate Market Update: Chelsea Park- Chelsea, Alabama
May 28, 2013 By 4 Comments
I recently did an appraisal in the Chelsea Park Subdivision in Chelsea, Alabama and I thought I would share with you what’s going on there. This is a large residential development that has experienced new construction growth in 2013. Chelsea Park is located just south of Highway 280 in Shelby, County Alabama. It is a […]
Happy Decoration Day everyone!
May 27, 2013 By 5 Comments
When I was a kid that’s what we called Memorial Day. It was a day spent placing flowers on the graves of our relatives who had passed away. In my home town of Rolla, Missouri we lived only a couple of blocks away from a very large cemetery where most of our family members were […]
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