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 […]
What is a “Subject To” appraisal, and how can it save me money?
January 26, 2013 By 18 Comments
The “Subject To” appraisal is one that many people do not understand, so I thought I would share with you today a situation in which a “Subject To” appraisal could have saved the homeowner thousands of dollars. A “Subject To” appraisal is one in which the value is based on a what a home will […]
Why do you need a copy of the sales contract Mr. Appraiser?
January 23, 2013 By 24 Comments
Have you ever wondered why the appraiser needs a copy of the sales contract? They’re just going to use it to come in at the contract price, right (not really)? If you’ve ever asked yourself this question I hope I can help you understand why it is important that the appraiser review the sales contract […]
The appraisal value is just the average of sales, right?
October 4, 2012 By Leave a Comment
On two separate occasions within the last several weeks I have ran across instances where real estate professionals have made the statement that the value appraisers come up with is just the average of sales. Have you heard this, or is this what you think? This could not be further from the truth, so I […]
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