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Birmingham Appraisal
MARCH 26, 2024
A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. They wanted to know if it was okay to use new construction sales in an appraisal of an older home.
Birmingham Appraisal
MARCH 26, 2024
A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. They wanted to know if it was okay to use a new construction sale as a comp for an older home.
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Realvals
AUGUST 4, 2022
One of the most essential parts of any appraisal is the comparable properties that the appraiser chooses for the Sales Comparison Approach. This article will go into detail about the appraisal comparable guidelines used by appraisers and the exact characteristics that appraisers look for in comps.
Clear Capital
MARCH 4, 2024
These tips are specifically designed with you in mind, to help minimize the number of revision requests you receive through a well-supported and credible appraisal report! Lenders have access to alternate sales and often inquire about neighborhood sales as they need to understand the marketability of the subject, in its current location.
Birmingham Appraisal
APRIL 11, 2023
11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. If you choose the wrong comps the home can stay on the market for an extended period of time.
Clear Capital
DECEMBER 21, 2022
As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . 1 is location, No.
Appraisal Today
APRIL 14, 2023
Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. In my MLS “contractor special” is often used.
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