Does Appraised Value Equal Sales Price? This question came to mind this week when I was speaking with a homeowner at an appraisal appointment. He didn’t ask me this specific question but he did make the following statement: “Just because your home appraises for a certain amount doesn’t mean that you can sell it for […]
Birmingham Real Estate: 2019 vs 2020
March 3, 2021 By 6 Comments
Birmingham Real Estate 2020 Recap Is it too late to discuss how the Birmingham Real Estate market in 2020 compared to 2019? I had hoped to write about this sooner but I have been extremely busy appraising. Maybe the fact that the real estate market barely let up for the holidays is a good indicator […]
How To Avoid Appraisal Issues When Using An Escalation Clause
September 8, 2020 By 6 Comments
What Is An Escalation Clause? Today’s real estate market in many areas could be described as tight, meaning that inventory is low and demand is high. This is exactly how it is in many areas of Birmingham, AL where I appraise. New listings are not staying on the market long before buyers write a contract. […]
What Are The Legal Requirements For A Bedroom?
June 30, 2020 By 21 Comments
A Look At The Legal Requirements For A Bedroom I get this question on a pretty consistent basis from my agent friends so I decided to write this post and explain the legal requirements for a bedroom. Please leave a comment below with any thoughts you have. The legal requirements for a bedroom discussed in […]
7 Reasons Your Appraisal Came in Low
March 5, 2020 By 17 Comments
If Your Appraisal Came in Low, Find out Why Are your appraisals coming in low? Are your contracts too high? Many times appraisers are blamed for killing deals because of a low appraisal. This situation can be looked at from two perspectives. The perspective that many don’t consider is that it’s not the appraisal that […]
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