I was looking at a home this week, for an FHA loan, that had screw in fuses. Have you ever seen these? They use to be common years ago, however at some point they were replaced with circuit breakers. I have been asked by homeowners and real estate agents if these fuses meet HUD’s minimum […]| Birmingham Appraisal Blog
Birmingham, AL real estate appraiser Tom Horn discusses what a listing agent can do to be proactive in the appraisal process.| Birmingham Appraisal Blog
Have you ever asked yourself why appraisers make adjustments? It’s not something you think about everyday, but whenever you get an appraisal back from the appraiser or the bank, it’s something you may think about and that may make you scratch your head. Why did they make a positive adjustment for this, and a negative […]| Birmingham Appraisal Blog
You may ask “what is the difference?” A sale is a comparable (comp), right? Wrong! A comp is a sale, but a sale is not always a comp. Does this sound confusing? If so, stay with me and I will try to explain the difference between the two. I hope I can give you better […]| Birmingham Appraisal Blog
I was recently asked by a real estate agent if a sunroom could be included in the gross living area of a home. The is the explanation I gave them.| Birmingham Appraisal Blog
Just because you use a real estate agent does not mean you shouldn't get a pre-listing appraisal. It can help you sell your home by providing peace of mind to the buyer that your home is not over priced.| Birmingham Appraisal Blog
I spoke recently at a local Realtor group about how Realtors could “think like an appraiser”. By being on the same page as the appraiser I believe that there will be fewer value issues on the back end of the sales transaction. By following similar methods as appraisers to arrive at their list prices, Realtors […]| Birmingham Appraisal Blog
