I recently had the opportunity to appraise a custom built luxury home in Shelby County Alabama. The home had been on the market for quite some time with no activity to speak of. I was contacted about doing an appraisal on the property to see how the price it was listed at stacked up against […]
Shelby County Alabama Appraiser Market Trends-$500k Plus Home Sales Affected by Slow Real Estate Market
April 13, 2010 By 9 Comments
Birmingham Alabama Appraiser Market Conditions: An interview with an appraiser-Pt. 1
April 7, 2010 By 4 Comments
I recently had an opportunity to be interviewed by David and Colleen Black, Realtors with Keller Williams Realty in Alabaster, Alabama. The interview was split into two parts with the first part shown below. We talked about everything from home price trends in Jefferson and Shelby County Alabama and the effects of foreclosure sales on […]
HVCC One Year Later:Are We Better Off?
April 6, 2010 By 6 Comments
Well, its been almost one year since HVCC has been in effect (come May 1, 2010 it will be 1 year). The question everybody is asking is: Are we better off? From my own experience as an appraiser I have to say “No”. Since the HVCC was put into motion I have seen average appraisal […]
An Alternative to Selling in A Slow Market
March 25, 2010 By 4 Comments
As an appraiser I estimate value. My estimate is based on several different methods, however the approach that is usually given the most emphasis is the market approach. This approach, which is also known as the sales comparison approach, utilizes recent sales of similar homes within the subject property’s market area. In today’s economic climate […]
Why So Many Vacant Houses?
March 20, 2010 By 5 Comments
I say this as if I don’t know the answer. I think I know part of the answer. In the day to day business of an appraiser we have to look at lots of houses in the MLS, both closed sales and active listings. I would say that at least half of the ones I […]
Let’s Connect