appraiser: Weatherly Property Values Holding Steady
- 06/22/09 01:12 AM
As everyone knows, the national real estate market has been crazy over the past 12-18 months. Because of the collapse of various national financial institutions and its effect on the economy and the real estate market, property values have taken a nose dive. An increase in foreclosure and short sale activity has also taken its toll on the value of most people’s greatest asset: their home. The Alabama real estate market, like all other areas of the country, has also been affected, with some areas being harder hit than others. I’m happy to say that our neighborhood of Weatherly is holding … (3 comments)
appraiser: New York Times Question: Are AMC appraisers doing a worse job because of low fees?
- 03/31/09 04:42 AM
Here is a very interesting article I ran across on the New York Times website. http://www.nytimes.com/2009/03/22/realestate/22Mort.html?_r=1&ref=business It asks the question, "Are appraisals done through an AMC less reliable than ones that are ordered directly from an appraiser". The bottom line is the fee associated with the assignment. It reminds us of the old saying: You get what you pay for. Are there any others that agree with this. … (12 comments)
appraiser: PMI Removal-Another Way To Reduce Your Mortgage Payment
- 08/13/08 07:16 AM
Most people would like their mortgage payment to be as low as possible. One way to do this is by cancelling your private mortgage insurance on your home loan, if you have it. Private mortgage insurance makes it possible for home buyers to get into a home with very little money down, as little as 3% of the homes value. This can make a big difference for a lot of buyers that are tight on funds. The private mortgage insurance (PMI) does not have to be kept for the life of the loan. In fact, it is only required until you … (2 comments)
appraiser: Building Community in Alabaster, Alabama
- 07/13/08 04:15 PM
I live in Alabaster, Alabama. It’s a great city situated in Shelby County, just south of Birmingham in the northern part of the state. Today I want to spotlight the neighborhood I live in called Weatherly. Weatherly is a modern swim and tennis club development with over 600 home sites. In addition to the swim and tennis club it offers several lakes and a clubhouse. The subdivision offers numerous home styles and home sites, including garden homes, lakefront homes, mountain top homes and estate size lots. With a neighborhood this size it is easy to get lost in the crowd and … (1 comments)
appraiser: Things To Consider When Choosing an Appraiser
- 06/27/08 05:17 PM
Are you a homeowner in need of an appraisal? Are you a lender needing to choose an appraiser to do work for your company? If you are, I hope what I have to say can help you in your decision making. All appraisers are not alike. Appraiser experience varies based on several factors, including but not limited to the following: years of experience, amount of education, geographic competence, and familiarity with type of property being appraised. Experience can start with a trainee and extend to the seasoned professional. Appraisers generally start at the trainee level where they work for a licensed … (6 comments)
appraiser: A Pre-Listing Appraisal Only Makes Sense-What Do You Think?
- 05/24/08 08:47 AM
People may think that I believe this because I am an appraiser, and the more people that get pre-listing appraisals can only benefit me, but it truly makes sense. I have seen it happen numerous times. A house is selling and everything has been done: contract, title, home inspection, etc. and the last thing is the appraisal. Unfortunately sometimes the value just isn’t there, and the deal falls through. This can be avoided with a pre-listing appraisal which is an appraisal to determine the market value of the home for selling purposes. I see this mostly in FSBO situations, however in … (11 comments)
Author Bio: Tom Horn lives in the Birmingham, Alabama area with his wife and two children. He has been appraising residential real estate for over 20 years and holds the SRA designation from the Appraisal Institute. He concentrates in the area of single family, vacant land, 2-4 family, and condominium appraisals.
This blog discusses Birmingham Alabama real estate appraiser topics in real estate appraisal. This includes but not limited to topics including explanations of the real estate appraisal process, articles on fsbo marketing appraisals, current topics in the appraisal profession, the real estate market in the Birmingham, Alabama area, appraisal humor, and the general real estate market.
As everyone knows, the national real estate market has been crazy over the past 12-18 months. Because of the collapse of various national financial institutions and its effect on the economy and the real estate market, property values have taken a nose dive. An increase in foreclosure and short sale activity has also taken its toll on the value of most people’s greatest asset: their home. The Alabama real estate market, like all other areas of the country, has also been affected, with some areas being harder hit than others. I’m happy to say that our neighborhood of Weatherly is holding … (3 comments)
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