I get asked this question a lot, so I thought I would address this issue that many people are curious about. I don’t think it happens ALL the time but I know real estate agents have seen it enough to question why it seems the appraisers value is the same as the contract amount. To […]
What is the state of the luxury home market in Birmingham, Alabama?
October 14, 2013 By 5 Comments
There has been a lot written recently about the real estate market recovery, but most of the data discusses more moderately priced homes. I thought I would take a look at the luxury home market in the Birmingham, Alabama area to see how it has performed over the last several years. For purposes of this […]
Do I have to repair it now, or can I wait until the loan closes?
October 3, 2013 By 3 Comments
I was speaking with a real estate agent friend recently about FHA appraisals and specifically about items that needed repair. Several years ago HUD made revisions to their guidelines regarding items that needed repair on an FHA purchase. I think they were attempting to make FHA loans more purchaser friendly because their requirements were much […]
What would Duck Dynasty’s Si say about the Birmingham Real Estate Market?
September 23, 2013 By 3 Comments
I think that Si, the crazy uncle from Duck Dynasty, would say “Birmingham’s on its way back Jack!” He would realize that while we are not out of the woods yet we are headed in the right direction. My family loves to watch Duck Dynasty and we can’t get enough of Si’s catchphrases, especially the […]
A way to help Birmingham, Alabama Realtor’s price their listings better
August 29, 2013 By 2 Comments
The Birmingham, Alabama Multiple Listing Service (now known as the Greater Alabama MLS) is unique in that it is not a requirement to list the gross living area (square footage) of listings. In 2010 I wrote about the new option they offered to provide this information, however as of the current date I still do […]
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