Recently I’ve been writing about how Birmingham, AL real estate agents can go about getting accurate square footage from tax records for their listings and I have gotten a lot of positive feedback on these posts. With that being said, I am still seeing some errors in listings so I decided to add a video […]
Why can’t the appraiser call me when the value is not working out?
May 20, 2014 By 10 Comments
Have you ever asked yourself “Why can’t the appraiser call me when the value is not working out?”. If you have then you’re probably a real estate agent that was concerned that a home may not appraise for the contract amount. In today’s highly regulated and monitored market the appraiser is very limited in what […]
Blog roundup: A square footage resource guide for real estate agents
May 6, 2014 By 4 Comments
On May 1, 2014 the Birmingham MLS made it official: real estate agents must now include accurate square footage information in their listings. For several years I have been providing resources for real estate agents in the Birmingham area to assist them in getting the most accurate data for their listings. It is my belief that […]
How do appraisers determine if there is an oversupply or shortage of homes?
April 30, 2014 By 2 Comments
Talk is that there is starting to be a shortage of homes for sale in the real estate market, and in case you missed your basic economics course supply and demand play a big part in home prices. To refresh your memory: If the supply of a good (ie homes) is reduced, and the demand remains the same or increases then the price will most likely increase. If there really is a shortage of homes then home prices will probably be affected, so it is very important for the appraiser to be able to determine if there is a shortage or an oversupply of homes. I thought I would share with you how appraisers go about making this determination.
How do appraisers work in an appreciating market?
April 25, 2014 By Leave a Comment
I’ve been asked how appraisers account for value changes in an appreciating market, so I thought I would share with you how appraisers approach this situation. Some people believe that due to recent shortages in inventory that home values are starting to show appreciation, however I think that these occurrences are not widespread and do […]
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