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Pricing a Home In A Softening Market • Birmingham Appraisal Blog

Pricing a Home In A Softening Market • Birmingham Appraisal Blog

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Pricing a Home In A Softening Market • Birmingham Appraisal Blog
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Pricing a Home In A Softening Market • Birmingham Appraisal Blog
Pricing a Home In A Softening Market • Birmingham Appraisal Blog
Pricing a Home In A Softening Market • Birmingham Appraisal Blog
Pricing a Home In A Softening Market • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
Feds Increase Rate On July 27 the Federal Reserve increased the federal funds rate yet again by .75%, in an attempt to fight inflation. While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and affect the interest rates consumers pay on short-term mortgage loans. Affect of Rate Hike on Mortgage Interest Rates The rate hike is affecting short-term rates more than long-term rates such as mortgages. It’s been several weeks since the...
Feds Increase Rate On July 27 the Federal Reserve increased the federal funds rate yet again by .75%, in an attempt to fight inflation. While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and affect the interest rates consumers pay on short-term mortgage loans. Affect of Rate Hike on Mortgage Interest Rates The rate hike is affecting short-term rates more than long-term rates such as mortgages. It’s been several weeks since the...
Do I Need A Probate Appraisal? • Birmingham Appraisal Blog
Do I Need A Probate Appraisal? • Birmingham Appraisal Blog
Do I Need A Probate Appraisal? • Birmingham Appraisal Blog
Do I Need A Probate Appraisal? • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met. A probate appraisal is typically required by the court and is used to help settle the estate. The appraisal he...
Agents, Are You Pricing For Today's Market or Yesterday's? • Birmingham Appraisal Blog
Agents, Are You Pricing For Today's Market or Yesterday's? • Birmingham Appraisal Blog
Agents, Are You Pricing For Today's Market or Yesterday's? • Birmingham Appraisal Blog
Agents, Are You Pricing For Today's Market or Yesterday's? • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
It’s easy to be so pumped about what’s been happening that we miss out on what is currently going on. This can happen in the real estate market as well. As an appraiser, we must stay on top of what is going on in the market or we can miss the mark on value. Because real estate agents and appraisers are striving for similar results (estimating accurate value) we can all gain valuable insight from the same market data. Granted, the job of a real estate agent is to get the highest price for th...
It’s easy to be so pumped about what’s been happening that we miss out on what is currently going on. This can happen in the real estate market as well. As an appraiser, we must stay on top of what is going on in the market or we can miss the mark on value. Because real estate agents and appraisers are striving for similar results (estimating accurate value) we can all gain valuable insight from the same market data. Granted, the job of a real estate agent is to get the highest price for th...
What Is A Final Inspection? • Birmingham Appraisal Blog
What Is A Final Inspection? • Birmingham Appraisal Blog
What Is A Final Inspection? • Birmingham Appraisal Blog
What Is A Final Inspection? • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
You may have heard of an appraisal inspection but what is a final inspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. For many types of appraisals, there is only one inspection or observation as we like to call it. Because an appraisal is nothing like a home inspection, that term could be somewhat misleading. You can check out the difference between an appraisal and a home inspection here. For most appraisals, the appraiser must o...
You may have heard of an appraisal inspection but what is a final inspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals. For many types of appraisals, there is only one inspection or observation as we like to call it. Because an appraisal is nothing like a home inspection, that term could be somewhat misleading. You can check out the difference between an appraisal and a home inspection here. For most appraisals, the appraiser must o...
5 Things To Consider When Getting A Hybrid Appraisal • Birmingham Appraisal Blog
5 Things To Consider When Getting A Hybrid Appraisal • Birmingham Appraisal Blog
5 Things To Consider When Getting A Hybrid Appraisal • Birmingham Appraisal Blog
5 Things To Consider When Getting A Hybrid Appraisal • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. A hybrid appraisal is one that is done by involving more participants than just the appraiser. Rather than involve the appraiser in the data collection part of the appraisal process this part is done by someone else. The reason behind this is that the appraiser should only ...
As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. One of these changes is the use of the hybrid appraisal by lenders. A hybrid appraisal is one that is done by involving more participants than just the appraiser. Rather than involve the appraiser in the data collection part of the appraisal process this part is done by someone else. The reason behind this is that the appraiser should only ...
A Quick Look At The Birmingham Housing Market: First Quarter 2022 • Birmingham Appraisal Blog
A Quick Look At The Birmingham Housing Market: First Quarter 2022 • Birmingham Appraisal Blog
A Quick Look At The Birmingham Housing Market: First Quarter 2022 • Birmingham Appraisal Blog
A Quick Look At The Birmingham Housing Market: First Quarter 2022 • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. We’ll take a look at some key metrics including sales volume, median sales price trends, days on market, the sale price to list price ratio, active listings, and months of supply. Number of Homes Sold The number of homes sold is a key indicator of market activity. There is a direct relationship between the health of the market and buyer activity. ...
With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. We’ll take a look at some key metrics including sales volume, median sales price trends, days on market, the sale price to list price ratio, active listings, and months of supply. Number of Homes Sold The number of homes sold is a key indicator of market activity. There is a direct relationship between the health of the market and buyer activity. ...
What Does A Real Estate Appraisal Include? • Birmingham Appraisal Blog
What Does A Real Estate Appraisal Include? • Birmingham Appraisal Blog
What Does A Real Estate Appraisal Include? • Birmingham Appraisal Blog
What Does A Real Estate Appraisal Include? • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning, probate, divorce, PMI cancellation, pre-listing, and pre-purchase. Appraisals are not something most people order on an ongoing basis so they are not really familiar with everything that is included. Because so many people have asked me, “What does a real estate appraisal include?” I thought it would be a good idea to create a blog post to help everyone...
This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning, probate, divorce, PMI cancellation, pre-listing, and pre-purchase. Appraisals are not something most people order on an ongoing basis so they are not really familiar with everything that is included. Because so many people have asked me, “What does a real estate appraisal include?” I thought it would be a good idea to create a blog post to help everyone...
Are You Pricing Your Home Too High For Today's Market? • Birmingham Appraisal Blog
Are You Pricing Your Home Too High For Today's Market? • Birmingham Appraisal Blog
Are You Pricing Your Home Too High For Today's Market? • Birmingham Appraisal Blog
Are You Pricing Your Home Too High For Today's Market? • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
It’s already been said, however, I think it is worth stating again that the market has shifted. It’s important to keep this in mind when pricing your home to sell because if you don’t this could cost you both time and money. In fact, the market continues to shift. Anything that is related to the real estate market that changes has the potential to influence how much you can sell your home for and how long it might take to sell it. We all know that mortgage interest rates continue to move ...
It’s already been said, however, I think it is worth stating again that the market has shifted. It’s important to keep this in mind when pricing your home to sell because if you don’t this could cost you both time and money. In fact, the market continues to shift. Anything that is related to the real estate market that changes has the potential to influence how much you can sell your home for and how long it might take to sell it. We all know that mortgage interest rates continue to move ...
Is The Real Estate Market Shifting? • Birmingham Appraisal Blog
Is The Real Estate Market Shifting? • Birmingham Appraisal Blog
Is The Real Estate Market Shifting? • Birmingham Appraisal Blog
Is The Real Estate Market Shifting? • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. I like to get multiple perspectives on what is happening and in order to do that I review stats from multiple sources such as the Greater Alabama MLS, Redfin, and Altos Research to name a few. A lot of time the actual numbers from these sources may vary slightly, however, the general market trends ...
From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. I like to get multiple perspectives on what is happening and in order to do that I review stats from multiple sources such as the Greater Alabama MLS, Redfin, and Altos Research to name a few. A lot of time the actual numbers from these sources may vary slightly, however, the general market trends ...
6 Reasons Your Home May Not Appraise In Today's Market • Birmingham Appraisal Blog
6 Reasons Your Home May Not Appraise In Today's Market • Birmingham Appraisal Blog
6 Reasons Your Home May Not Appraise In Today's Market • Birmingham Appraisal Blog
6 Reasons Your Home May Not Appraise In Today's Market • Birmingham Appraisal Blog
birminghamappraisalblog birminghamappraisalb... | 1 year ago
With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property values. Today we’ll look at some reasons your home may not appraise. If you keep up with the news there’s no doubt that you’ve heard we are in a recession. In addition, we have had recent interest rate hikes that have started to affect the ...
With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property values. Today we’ll look at some reasons your home may not appraise. If you keep up with the news there’s no doubt that you’ve heard we are in a recession. In addition, we have had recent interest rate hikes that have started to affect the ...