Have you ever asked yourself why appraisers make adjustments? It’s not something you think about everyday, but whenever you get an appraisal back from the appraiser or the bank, it’s something you may think about and that may make you scratch your head. Why did they make a positive adjustment for this, and a negative […]
If you want an FHA loan, you’ll have to do these 5 things
May 21, 2012 By 7 Comments
If you’re getting an FHA loan and want to make sure the appraisal goes off without a hitch make sure you pay attention to these 5 items. If you don’t then it could delay the loan and your closing. The appraiser has to make note of the items listed below, and if he/she cannot then […]
An interesting trend in the Birmingham, Alabama real estate market
February 13, 2012 By Leave a Comment
I have noticed an interesting trend in the Birmingham, Alabama real estate market. The trend involves the segmentation of the market in various areas, but mainly where foreclosure activity is prevalent. I noticed it most recently in the Centerpoint area of Birmingham. The segments include the following: foreclosures “normal sales” and flip properties The “normal” […]
10 reasons NOT to get a pre-listing appraisal
February 8, 2012 By 15 Comments
1. It costs too much money- Really? If you think about the fact that by pricing the home correctly you could cut the marketing time down and reduce marketing costs, this becomes a no brainer. In addition, the modest cost would probably not exceed future price reductions that you may need because it was priced […]
Why You Need A Local Appraiser In Today’s Real Estate Market
November 21, 2011 By 9 Comments
I’ve written about this in the past but thought I would mention it again because I have received a couple of calls within the past month from loan officers not happy with the appraisals they have received. In both situations, out of town appraisers were used.
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