Most people have a good idea of what market value is. A short and abbreviated definition of Market Value is as follows: Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, […]| Birmingham Appraisal Blog
Birmingham, AL real estate appraiser Tom Horn discusses why agents should not totally rely on price per square foot when pricing a home.| Birmingham Appraisal Blog
I've written about this in the past but thought I would mention it again because I have received a couple of calls within the past month from loan officers not happy with the appraisals they have received. In both situations, out of town appraisers were used.| Birmingham Appraisal Blog
When I first got into the appraisal profession the guy I learned from would always say: “Appraisers don’t make value, they report it”. This is more true today than ever before. Appraisers have been getting a lot of bad press, especially recently, because we are being accused of killing deals. In my opinion, which I […]| 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
Birmingham, AL real estate appraiser Tom Horn discusses common mistakes homeowners make in pricing their homes.| Birmingham Appraisal Blog
After looking over a weeks worth of real estate sales data I have found a trend in some market areas. That trend is the increasing gap between what a house was initially listed at and the final sales price. This is one of the statistics appraiser’s look at, and this week in one area I […]| Birmingham Appraisal Blog
The Birmingham Alabama MLS (Multiple Listing Service) has recently added an option for Realtors to list GLA (gross living area) for their listings. The new feature will go live on August 2, 2010. Realtors are given an option of entering GLA data obtained from an appraiser, building plans, or tax records. The first two sources […]| Birmingham Appraisal Blog
Birmingham, Alabama appraiser Tom Horn discusses the importance of making sure that your home is priced accurately.| Birmingham Appraisal Blog
You may ask “what can I do to help the appraiser that will help my home’s appraised value?” I hope to share with you some things that can aid the appraiser and possibly have a positive effect on the appraisal report and hopefully your home’s value. I had this topic picked out to include for […]| Birmingham Appraisal Blog
Birmingham, AL real estate appraiser Tom Horn discusses how an appraisal can help sell a stale listing.| Birmingham Appraisal Blog
People are different. Some like to get their hands dirty in projects, while others may want to hire someone to do it for them. The abundance of DIY shows on T.V. have given people the knowledge and motivation to do it themselves, learn something new, and save some money. There are people who have built […]| Birmingham Appraisal Blog