Birmingham Real Estate 2020 Recap Is it too late to discuss how the Birmingham Real Estate market in 2020 compared to 2019? I had hoped to write about this sooner but I have been extremely busy appraising. Maybe the fact that the real estate market barely let up for the holidays is a good indicator […]
What Is A Competitive Market Area?
February 18, 2021 By 7 Comments
Competitive Market Area Explained A competitive market area is something that I write about quite a bit when discussing comparable sales selection. It answers a lot of questions about where agents can look for sales when pricing a home. The sales comparison approach is the most recognized approach for non-appraisers. Most people know what a […]
Eagle Point Housing Update
February 10, 2021 By 4 Comments
Eagle Point Real Estate Update The Eagle Point subdivision is located in north Shelby County just off of Highway 280. The subdivision was started in the mid-1980s and is one of the more popular neighborhoods in North Shelby County. The neighborhood features a swim and tennis club as well as various private lakes. A new […]
Overbidding in a Hot Real Estate Market
January 28, 2021 By 6 Comments
A Hot Real Estate Market Requires a Different Strategy If you’ve tried to buy a home recently you’ll know what I’m talking about when discussing a hot real estate market. Because it is so competitive most buyers are being encouraged by their real estate agents to come prepared to make an offer when looking at […]
Anatomy of a Sales Comparable
January 19, 2021 By 8 Comments
Importance of the Sales Comparable In the past, I have written extensively about sales comparables and their use within the appraisal report. I have explained what makes a good sales comparable and the process you should take in choosing them. The sales comparison approach is typically given the most consideration in the appraisal report. There […]
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