Can Active Listings and Pending Sales Be Used As Comps? Most people are familiar with what a “comp” is in real estate and more specifically in an appraisal. A short definition for a comp would be a property that is an acceptable substitute for the property being appraised. An acceptable substitute would mean that the […]
How Do Appraisers Use Active Listings and Pending Sales In An Appraisal?
August 5, 2021 By 5 Comments
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. […]
Who Is The Mortgage Appraisal Meant For?
August 17, 2018 By 2 Comments
Who owns the mortgage appraisal? There can be some confusion about who owns the mortgage appraisal and who it is meant for in a home purchase transaction so I thought we’d discuss this topic today. If you are purchasing a home you will want to read this because most people do not understand how the […]
My Business is Expanding to Include Commercial Appraisal Services!
February 20, 2018 By 6 Comments
Now Offering Commercial Appraisal Services I’m excited to announce that I am now offering commercial appraisal services to my clients in the Birmingham, Al area. After being a residential appraiser for over 25 years I’ll be expanding my business to include commercial properties. In order to serve the Birmingham area in the best possible way, […]
Grey Oaks Home Sales by Pelham Home Appraiser Tom Horn
October 19, 2017 By 4 Comments
Pelham Home Appraiser Tom Horn reports on Grey Oaks Home Sales As a Pelham home appraiser, I recently completed an assignment in the Grey Oaks neighborhood. Grey Oaks is one of the top 3 subdivisions in Pelham, AL for new home construction. The other two neighborhoods include Ballantrae and Keeneland Valley, with Ballantrae having the […]
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