Are All Areas of The Birmingham Real Estate Market Hot? In today’s real estate market it’s easy to make the mistake of assuming that every home and every area of town are red hot. While the Birmingham real estate market is certainly more active than a couple of years ago we have to keep in […]
It’s The Market It’s Not You
May 12, 2021 By 6 Comments
Are You In a Bad Relationship With The Real Estate Market? Have you ever gotten rejected by someone you liked and wanted to get to know better and maybe even have a relationship with? I think everyone has gone through this or can at least relate to what the rejection feels like. In some ways, […]
What is Market Value?
May 5, 2021 By 10 Comments
Market Value Dissected There are different definitions of market value but today I’m going to discuss the one that appraisers use in their appraisal reports. Here is the definition of market value that is included in every appraisal report: The most probable price which a property should bring in a competitive and open market under […]
How Much Have Birmingham Home Prices Risen Since the Bottom of the Market?
April 20, 2021 By 6 Comments
Birmingham Home Prices Then and Now The real estate market is red hot but have you ever considered how much Birmingham home prices have risen since we hit rock bottom after the housing crash back around 2008? Appraiser friend Ryan Lundquist, who runs the Sacramento appraisal blog (I highly recommend you check it out) asked […]
Insurance Appraisal vs Bank Appraisal: What’s The Difference?
April 7, 2021 By 11 Comments
Is There A Difference Between an Insurance Appraisal and a Mortgage Appraisal? A question I’ve been asked in the past has to do with the difference between an insurance appraisal and a bank appraisal. While both are appraisals there are big differences between the two so I thought I would share with you what they […]
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