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 […]
Does the appraiser really have to look in my closets?
September 25, 2013 By 5 Comments
I was looking into my blog stats recently and ran across a question that someone had typed into their search engine that led them to my blog. The question was “Does the appraiser have to look into my closets? I thought this was such an interesting question that I decided to write a post about […]
Where are appraisers allowed to get comps from?
September 13, 2013 By 6 Comments
I was speaking with a real estate agent recently and he mentioned to me that an appraiser, who was working on an appraisal of a house he was selling, told him that if he did not use comps from within the subdivision the house was located in he would get his license taken away. One […]
Can an appraisal be used to arrive at an insurable amount?
July 22, 2013 By 8 Comments
I got a question recently from a homeowner whose house I recently appraised for the purchase mortgage. They wanted to know if they could use the appraisal to determine how much the home should be insured for. I’ve gotten this question before so I thought I would share with you my answer since it seems […]
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