I want to share with you an observation I had this past week while working on an appraisal assignment. I first want to preface this post by saying that one neighborhood does not make a market, and just because one subdivision is acting a certain way does not mean that the whole Birmingham area will […]
When is price per square foot NOT a good indicator of market value?
June 5, 2013 By 15 Comments
A few days ago I had a real estate agent friend ask me how much homes were appraising for per square foot in a local neighborhood. It was a very good question, especially for anyone who wants to get an idea of their home’s value. And because I get asked this question a lot I […]
5 key statistics and what they mean to the Birmingham, Alabama real estate market
April 29, 2013 By 8 Comments
Everybody keeps talking about how good the Birmingham, Alabama real estate market is compared to past years, so I thought I would take a closer look. There are certain key statistics that need to be performing well for the market to be healthy. Lets take a look at some charts to see if we can […]
So, just how accurate is the Zillow “Zestimate” anyway?
February 18, 2013 By 33 Comments
Have you ever wondered how accurate the Zillow “Zestimate” really is? Whenever I am doing appraisals I have homeowners tell me what their Zillow “Zestimate” is. I am sure they are hoping that my appraisal is similar to that number (if it is high), however the two could be close, but more times that not […]
Can a Realtor give comps to an appraiser?
February 11, 2013 By 4 Comments
This is a question I hear all of the time. It seems like such a simple question but the implementation of various laws several years ago has confused real estate agents about whether they are allowed to provide sales comparables to the appraiser. Many believe they cannot even communicate with the appraiser, but this is […]
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