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. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps.

Construction 76

Construction Appraisal Appraisal Process Bracketing 76

Birmingham Appraisal

SEPTEMBER 26, 2023

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. However, in the quest for accuracy and reliability, one common mistake that real estate professionals need to avoid is the undue influence of outlier sales in pricing strategies.

Real Estate Agent 91

Real Estate Agent Real Estate Clients Agents 91

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. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps.

Construction 84

Construction Appraisal Process Appraisal Bracketing 84

Birmingham Appraisal

FEBRUARY 6, 2024

We all know that the three most important factors in real estate are location, location, and location. In appraising we analyze the competitive market area that our property is located in and when discussing housing stats it’s important to study the housing numbers at the same level.

Inventory 81

Inventory Real Estate Sellers Buyers 81

Lamacchia Realty

MARCH 12, 2024

The first line of defense is hiring a REALTOR® who is experienced in handling the complexities of multiple offers in this adjusting market with higher rates. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

Buyers 74

Buyers Inspection Sellers Real Estate 74

Lamacchia Realty

JANUARY 10, 2022

The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different than the appraised value which, these days as prices rise, can be lower than list price.

Sellers 74

Sellers Buyers Inspection Bracketing 74

Lamacchia Realty

FEBRUARY 22, 2023

The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers in this adjusting market with higher rates. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

Inspection 41

Inspection Buyers Sellers Bracketing 41

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. If you have any questions feel free to contact me, I’d be glad to speak with you.

Market Value 90

Market Value Agents Appraisal Bracketing 90

McKissock

FEBRUARY 15, 2022

Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. In this post, I discuss how I got the first copy, why I adopted it way back then, and why I recommend that all appraisers consider taking a course on the ANSI Z765 measuring standard. The Appraisal Foundation.

Appraisal 87

Appraisal Bracketing Training Development 87