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 […]
Waterford Subdivision, Calera, AL-2011 Price Trend Update
July 11, 2011 By Leave a Comment
If you live in the Waterford subdivision in Calera, Alabama and have been wondering how property values have been doing, I may have the answer for you. I was in the subdivision recently working on a job and collected some interesting sales data. For those not familiar with this neighborhood, Waterford subdivision is located in […]
FHA Repair Item…or Not?
July 5, 2011 By 4 Comments
I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the […]
Thoughts On Value And A Homes Self Esteem: Is Labeling A Home As An “Estate Sale” The Kiss Of Death?
June 27, 2011 By 6 Comments
Some readers may not see the correlation I did with houses and people but let me try to explain myself. If you have a troubled child (or maybe not even troubled) and you treat the child as though they are a hassle, getting on to them all the time, and not spending time with them, […]
Getting Inside The Head of a Real Estate Appraiser: Tips To Make Your Appraisal Inspection Go Smoother
June 22, 2011 By 7 Comments
Have you ever needed to get an appraisal on your home and worried about what the appraiser looks at and considers important and what he doesn’t care about? It’s o.k. if you have felt this way, it’s a valid concern. Sometimes I feel that the appraisal profession is cloaked in a veil of secrecy and […]
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