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.
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.
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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. However, this is not always the case.
Clear Capital
MARCH 4, 2024
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. Depending on location, features such as condition, quality of construction, room count, etc., can vary in market reaction.
Realvals
AUGUST 4, 2022
For example, in many markets, a pie-shaped lot could be worth less than a rectangular one, just as a sloping one could be less than a flat one. It’s common in my market to see larger sloping lots be worth the same as a flat lot that is half the size. Bracketing. Therefore, the lot size is “bracketed.”.
Portland Appraisal Blog
JULY 20, 2019
For this blog post we will use the venerable histogram to better understand the single-family residential market for Ladd’s Addition. A histogram may be used to display the shape and spread of the data of the real estate market and illustrate trends of properties that have sold and/or are listed. Gross Living Area. Level Count.
Clear Capital
DECEMBER 21, 2022
Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. But this is not always the case!
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