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
Birmingham, AL real estate appraiser Tom Horn discusses the 5 Items An Appraiser Looks For In An MLS Listing to help in estimating value.| Birmingham Appraisal Blog
Over the past several years appraisers and real estate agents have had a confusing relationship. When I say this I am mainly talking about an agents understanding of exactly what they can and cannot talk to an appraiser about. I thought I would approach this topic from a qualifications point of view and look at […]| Birmingham Appraisal Blog
A concerned agent called me the other day worried about what would happen if the appraiser could not find comps for a house that she was selling. I assured her that even though it looked like there were no comps, there probably were if you looked a little more. This provided a good opportunity to […]| Birmingham Appraisal Blog
It seems there is still some confusion about what real estate agents and real estate appraisers can talk about. Many believe that there can be no discussion between the two and others still have no idea that it is unethical to suggest to an appraiser that a home should appraise for a certain amount. The […]| Birmingham Appraisal Blog
I had a reader email me a question last week asking why they should get an appraisal on their home, and I want to share with you the answer I gave them with the hope that it can help you make a similar decision. This person asked me “Why do I need to get an […]| 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
