Have you ever been curious about what price range is the most popular to buy in? While doing research for an assignment in Alabaster, AL recently I plotted out some sales data and this is the graph I came up with. The price range with the largest number of sales was $125,000-$149,999, where there were […]
Is it a sale or is it a comparable?
September 13, 2012 By Leave a Comment
You may ask “what is the difference?” A sale is a comparable (comp), right? Wrong! A comp is a sale, but a sale is not always a comp. Does this sound confusing? If so, stay with me and I will try to explain the difference between the two. I hope I can give you better […]
What is bracketing and why should Realtors do it?
September 10, 2012 By 23 Comments
I spoke recently at a local Realtor group about how Realtors could “think like an appraiser”. By being on the same page as the appraiser I believe that there will be fewer value issues on the back end of the sales transaction. By following similar methods as appraisers to arrive at their list prices, Realtors […]
Know Thy Market- The Importance of Geographic Competence in Appraising Real Estate
September 3, 2012 By 7 Comments
Geographic competence in appraising has become a hot topic over the last couple of years. It refers to an appraisers knowledge of a market and his/her ability to produce an accurate and reliable report. One way to measure this is by looking at someones experience of working in an area. Take a look below at […]
Does having a clunker in your front yard help your property value?
August 28, 2012 By 3 Comments
I could make this the shortest post in my illustrious 😉 blogging career with just one word: “No”, but that probably wouldn’t be helpful. Most people know that having clunkers in your front yard WILL NOT contribute to property values in a positive way. Now if you want to decrease the value of your home […]
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