Birmingham, AL real estate appraiser Tom Horn answers a common question: How do appraisers make adjustments? Get the inside scoop on how appraisers work.| Birmingham Appraisal Blog
I was speaking with a real estate agent friend recently about FHA appraisals and specifically about items that needed repair. Several years ago HUD made revisions to their guidelines regarding items that needed repair on an FHA purchase. I think they were attempting to make FHA loans more purchaser friendly because their requirements were much […]| Birmingham Appraisal Blog
Birmingham, AL real estate appraiser Tom Horn discusses what qualitative analysis is and how agents can use it to price their listings.| Birmingham Appraisal Blog
I was asked a question this week about what qualifies as “finished” basement area in a home. An agent was going to list a home and the basement area had some partitioned sheetrock walls in the basement. The homeowner wanted to count this as finished area, so the agent wanted to get clarification on how […]| Birmingham Appraisal Blog
The Birmingham, Alabama Multiple Listing Service (now known as the Greater Alabama MLS) is unique in that it is not a requirement to list the gross living area (square footage) of listings. In 2010 I wrote about the new option they offered to provide this information, however as of the current date I still do […]| Birmingham Appraisal Blog