How important is the cosmetic condition of a house in an appraisal?

When selling your home owners are told all the time to work on the “curb appeal” because it will help the home sell. I was asked recently how much painting the home added to its value, or for that matter any other cosmetic type improvement. It was a very good question but the answer I […]

A look at the decline in Birmingham, AL foreclosures

Whenever anyone asks me how the real estate market is doing in the Birmingham, AL area I am quick to point out that while there is still a long way to go before we get back to the glory days we do have some good things happening. Up until about 12 months ago, whenever I […]

How do appraisers work in an appreciating market?

I’ve been asked how appraisers account for value changes in an appreciating market, so I thought I would share with you how appraisers approach this situation. Some people believe that due to recent shortages in inventory that home values are starting to show appreciation, however I think that these occurrences are not widespread and do […]

Savannah Pointe Subdivision- Calera, AL Real Estate Market Report 2014

Savannah Pointe Subdivision- Calera, AL Real Estate Market Report 2014 The Savannah Pointe subdivision is located in Calera, Alabama in north Shelby County. This development offers a community pool, clubhouse, and homeowner association. From March 1, 2013 to March 1, 2014 the Birmingham MLS reported the following statistics: Median Sales Price $128,000 Average Price Per […]

Can a sunroom be included in the gross living area of a home?

It is important to know what criteria is considered when deciding what areas in a house are included in the total gross living area (GLA). I explained to a real estate agent recently what to look for in a sunroom to determine if you can include it.

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