Can Active Listings and Pending Sales Be Used As Comps? Most people are familiar with what a “comp” is in real estate and more specifically in an appraisal. A short definition for a comp would be a property that is an acceptable substitute for the property being appraised. An acceptable substitute would mean that the […]
How Do Appraisers Use Active Listings and Pending Sales In An Appraisal?
August 5, 2021 By 5 Comments
5 More Random Thoughts From An Appraiser
July 28, 2021 By 8 Comments
The Wheels Are Still Turning In My Head In my last post, I shared some random thoughts that were going through my mind. Some of them were inspired by the things that are happening in the real estate market we are currently in. It seems that the wheels are still turning so I decided I […]
6 Random Thoughts From An Appraiser
July 20, 2021 By 12 Comments
Things I’ve Been Thinking About Recently This week I thought I would share some random thoughts I’ve had recently. As busy as the market has been over the last year and a half it feels like I pretty much eat, drink, and sleep appraisals. Every assignment brings a new challenge so I thought I would […]
A Look at New Construction Trends in the Birmingham Market
July 8, 2021 By 3 Comments
Can New Construction Dig Us Out of the Hole We’re In? So what do you think about this hot market we’re in? In my 30+ years of being a real estate appraiser, I have never seen a market like we are in. New construction, or lack thereof, has played a big role in where we […]
6 Reasons You Should Not Be Using Price Per Square Foot To Price Your Listings
June 23, 2021 By 8 Comments
Do You Use Price Per Square Foot To Price Your Listings? Are you guilty of using price per square foot to price your listings or estimate your home’s value? If you are then please keep reading because I’ll give you 6 reasons why this is not a good idea. First off, for those that may […]
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