New Requirements As I write this post the Birmingham, Alabama real estate market is a little over one month away from making it a requirement that local agents report accurate square footage on their MLS listings. In the past this was not mandatory and in August of 2010 agents were given an option to add […]
Can the cost approach be used over the sales comparison approach since it’s higher?
March 20, 2014 By 26 Comments
This was a question I got asked today from a frustrated seller. She had called me to get my opinion of an appraisal that was done on her home that had appraised lower than the contract amount. I would like to share with you my answer to her as well as my thoughts on the […]
5 common errors to look for in your appraisal report if it comes in low
March 17, 2014 By 16 Comments
Appraisal Come In Low? A popular topic among users of appraisal services these days is low appraisals. As you know the real estate market has been depressed over the last several years and a result of this is that appraisals for refinancing and home purchase’s have come in low. While foreclosures and the overall downturn […]
Appraisers, are you completing your FHA reports correctly?
February 26, 2014 By 4 Comments
FHA appraisals need to be completed subject to a termite inspection. This article explains the FHA/HUD requirements and how they have been misunderstood.
Pelham, AL home sales by the numbers- A look at 2013 vs. 2012
February 21, 2014 By 2 Comments
Pelham, AL home sales during 2013 showed positive direction in most areas over 2012. Learn what surprising stats we uncovered when unpacking the numbers.
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