Market Value Dissected There are different definitions of market value but today I’m going to discuss the one that appraisers use in their appraisal reports. Here is the definition of market value that is included in every appraisal report: The most probable price which a property should bring in a competitive and open market under […]
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. […]
The Brady Bunch House Renovation And Thoughts On Value
September 12, 2019 By 14 Comments
What Can The Brady Bunch House Renovation Teach Us About Value Are you a fan of the old Brady Bunch show? If not you may be a little lost with my topic this week but I hope you’ll stick around to the end because I’ve got some things I’d like to share that may be […]
Should You Always Accept The Highest Offer On Your Home When Selling?
March 13, 2019 By 5 Comments
The Strategy For Accepting The Highest Offer On Your Home You’re selling your home and you’ve got three offers, with each being higher than the one before it. Should you take the highest offer? Let talk about that. I know that agents will tell you that you should take into consideration various things such as […]
Are Investor Flips Good Appraisal Comps?
May 31, 2018 By 13 Comments
Good Comp or Not? Are all comparables (comps) created equal? This is a question I continually ask myself when reviewing sales for appraisal assignments I’m working on. This includes investor flips, our focus for discussion here. Depending on who you are, you may have a different understanding of what a comp is. I always tell […]
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