Birmingham Real Estate News
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Birmingham Real Estate News
A look at the Birmingham, Alabama real estate market
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How Many Comps Are Required In An Appraisal? •

How Many Comps Are Required In An Appraisal? • | Birmingham Real Estate News | Scoop.it
Birmingham, AL real estate appraiser Tom Horn discusses how many comps are required in an appraisal. Find out the Fannie Mae requirement and more.
Tom Horn-Real Estate Appraiser's insight:
Don't make the mistake of pricing a home based only on one sale. There are rules for the number of comps required in an appraisal. Get the inside scoop in this weeks blog post.
 
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How Will The New Tax Changes Impact Real Estate?

How Will The New Tax Changes Impact Real Estate? | Birmingham Real Estate News | Scoop.it
The new tax law made a number of significant changes to the tax code and the way real estate is treat. Learn about the impact of the new tax law here.
Tom Horn-Real Estate Appraiser's insight:
If you're confused about how the new tax changes will affect you then check out this helpful article by Paul Sian.
 
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Purchasing a Home Prior to Marriage

Purchasing a Home Prior to Marriage | Birmingham Real Estate News | Scoop.it
See what you need to know about buying a house before marriage. Helpful information on finances, joint bank accounts, expenses, taking title and more.
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Mistakes to Avoid Before Buying a Home

Mistakes to Avoid Before Buying a Home | Birmingham Real Estate News | Scoop.it
See what not to do before buying a home. You'll find a review of 14 financial mistakes that should be avoided at all costs when buying a house!
Tom Horn-Real Estate Appraiser's insight:
Are you getting ready to buy a house? Check out these tips to help keep you on track.
 
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Bill Gassett's comment, November 21, 2017 9:52 AM
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Tips For Buying a House For Retirement

Tips For Buying a House For Retirement | Birmingham Real Estate News | Scoop.it
Take a look at the tips for buying a home for retirement so you make sound decisions. Advice for purchasing a retirement home is key for financial success.

Via Bill Gassett
Tom Horn-Real Estate Appraiser's insight:
Buying a home for retirement is different than other stages of life. Real estate agent Bill Gassett answers common questions buyers have for this type of home.
 
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Bill Gassett's curator insight, October 16, 2017 1:55 PM

As we approach retirement age there are lots of things to consider from a financial standpoint. Should we continue to live in the same home or purchase something smaller. Does buying a home that has all the living area on one floor make sense? Should I purchase a condo instead of a home? What about buying a second home does that make sense for me?

 

These are are the kinds of things retirees think about. The right answer can vary from person to person. In my latest article at Maximum Real Estate Exposure, I provide some guidance on what to think about as you approach retirement.

 

See the best tips for buying a retirement home. Use the advice to make sound decisions - ones that you won't regret later!

 

You will see lots of tips and advice centering on your living situation. Some of the items people never think about and end up making mistakes because of the lack of thought.

 

Take a look and if you enjoy the article give it a share on your social channels.

Paula-Damico-Auger's curator insight, October 17, 2017 12:36 PM

Make sure you and your partner agree on what type of home you want and in what location.  

Bill Gassett's comment, October 17, 2017 7:58 PM
Thanks for the Scoop Tom!
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Buying A Home With A 203(K) Rehab Loan

Buying A Home With A 203(K) Rehab Loan | Birmingham Real Estate News | Scoop.it
Learn about the process of buying a home with the 203(k) mortgage that allows a home in need of repair or upgrade to get financing both for the purchase and for the repairs.
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Paula-Damico-Auger's curator insight, October 1, 2017 5:33 PM
Where there's a will, there's a way!. Let me show you how a 203k loan might be for you.
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What Is A Buyer’s Persona and Why Should Home Sellers Care 

What Is A Buyer’s Persona and Why Should Home Sellers Care  | Birmingham Real Estate News | Scoop.it
Learn about identifying the right buyer persona for your home to better help market to the ideal buyer.
Tom Horn-Real Estate Appraiser's insight:
Do you market your home to everyone? Paul Sian explains why you should know the type of person who is interested in buying your house so that you can correctly market to them.
 
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Timing Options For Selling and Buying a House

Timing Options For Selling and Buying a House | Birmingham Real Estate News | Scoop.it
See all the timing options of buying and selling a home in the same time frame. You may only have the option of one or the other based on your finances.
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How Do Appraisers Determine Depreciation?

How Do Appraisers Determine Depreciation? | Birmingham Real Estate News | Scoop.it
This Blog from the DW Slater Company which provides residential and commercial real estate appraisals for North Texas

Via Shannon Slater
Tom Horn-Real Estate Appraiser's insight:
I got a call the other day about depreciation. Depreciation is not the easiest thing to explain but appraiser Shannon Slater does an excellent job. So, if you are a homeowner or agent and would like to know how appraisers consider depreciation this is a must read.
 
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Shannon Slater's curator insight, August 2, 2017 11:01 AM
The other day we were asked a question about what the percentage of depreciation would be for a foundation on a home. Unfortunately, there is not a simple answer to that question and I couldn't just give a quick percentage number for determining depreciation for the foundation. My latest blog post discusses the answer to this question
 
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How Does An Escalation Clause Work

How Does An Escalation Clause Work | Birmingham Real Estate News | Scoop.it
What is an escalation clause and how do they work? Real Estate offers are seeing more escalation clauses due to a strong sellers market.
Tom Horn-Real Estate Appraiser's insight:
Do you know what an escalation clause is? That's ok, most people don't. If you are looking for a house to buy in today's market you may want to check out this great explanation by Bill Gassett. With the limited inventory and active buyer market, it is not uncommon to have a home go under contract with multiple offers. An escalation clause will help you in this situation but you'll need to read the article to find out how.
 
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Bill Gassett's comment, July 24, 2017 3:44 PM
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Selling as a FSBO in The Summer is Difficult

Selling as a FSBO in The Summer is Difficult | Birmingham Real Estate News | Scoop.it
Do you know the drawbacks of for sale by owner in the summer? Selling as a FSBO are never easy but in the summer months it can be even more of a challenge!
Tom Horn-Real Estate Appraiser's insight:
It is possible to sell your home yourself but there are numerous things you need to be aware of. Bill Gassett does a wonderful job of being honest about the work involved and time commitment necessary. You should be fully aware of the drawbacks involved in a FSBO sale. One thing I have run across as an appraiser is the issue of pricing, which Bill addresses in this article. Check this out and get the lowdown on selling as a FSBO.
 
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Bill Gassett's comment, July 10, 2017 7:33 PM
Thanks for the scoop @Tom Horn-Real Estate Appraiser
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Do Hardwood Floors increase a home's value? | The Flooring Girl

Do Hardwood Floors increase a home's value? | The Flooring Girl | Birmingham Real Estate News | Scoop.it
Can hardwood flooring improve the resale value of your home? What is the return on investment for hardwood floors? Will the house sell faster with hardwood?
Tom Horn-Real Estate Appraiser's insight:
Debbie Gartner provides some good solid advice about hardwood floors and your home's value. Well worth the read.
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Reasons to have a Buyer's Agent When Purchasing a New Home

Reasons to have a Buyer's Agent When Purchasing a New Home | Birmingham Real Estate News | Scoop.it
Why have a buyer's agent when purchasing new construction? See why having a buyer's agent is vital when buying a new home.
Tom Horn-Real Estate Appraiser's insight:
If you don't know the difference between a buyers agent and a sellers agent then you should read this informative article by Bill Gassett.
 
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Bill Gassett's comment, May 8, 2017 4:32 PM
Thanks for sharing @Tom Horn-Real Estate Appraiser
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5 Common Appraisal Questions Answered

5 Common Appraisal Questions Answered | Birmingham Real Estate News | Scoop.it
This Blog from the DW Slater Company which provides residential and commercial real estate appraisals for North Texas

Via Shannon Slater
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Shannon Slater's curator insight, February 7, 10:57 AM
What kind of questions do you have about appraisals?  in this post, we decided to revisit some of the most common questions that we are asked. 
 
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How To Turn Your Home Into A Smart Home

How To Turn Your Home Into A Smart Home | Birmingham Real Estate News | Scoop.it
Learn how through a few simple add-ons you can turn your home into a smart home and automate many features in your home.
Tom Horn-Real Estate Appraiser's insight:
I just purchased an Amazon Echo and I'm excited about everything it can do. This article by Paul Sian shows how you can turn your home into a smart home with the echo and other devices.
 
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First Time Home Buyers Mortgage Tips

First Time Home Buyers Mortgage Tips | Birmingham Real Estate News | Scoop.it
See the best mortgage tips for first time home buyers. Use these first time home buying tips to make smart decisions when purchasing your first home.
Tom Horn-Real Estate Appraiser's insight:
Great first time home buyer mortgage tips from Bill Gassett. 
 
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Bill Gassett's comment, November 28, 2017 2:12 PM
Thanks for the Scoop Tom!
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Selling a House Occupied vs Empty

Selling a House Occupied vs Empty | Birmingham Real Estate News | Scoop.it
What are the pros and cons of selling a home vacant vs occupied? See the advantages and disadvantages of selling a home occupied and empty.
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Bill Gassett's comment, October 23, 2017 1:35 PM
Thanks for the scoop Tom!
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What External Factors Will Reduce My Property Value

What External Factors Will Reduce My Property Value | Birmingham Real Estate News | Scoop.it
What are the things that will lower a homes value? See factors that will decrease a properties value both in and around the home.
Tom Horn-Real Estate Appraiser's insight:
Knowing what things will lower the value of your home is as important as knowing what will increase its value. Check out what agent Bill Gassett has to say.
 
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Bill Gassett's comment, October 2, 2017 3:44 PM
Thanks Tom!
Tom Horn-Real Estate Appraiser's comment, October 3, 2017 7:21 AM
You're welcome, Bill!
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Myths About Appraisals Too Many Sellers Believe

Myths About Appraisals Too Many Sellers Believe | Birmingham Real Estate News | Scoop.it
Do you know the appraisal myths too many sellers believe? Separate fact from fiction with the appraisal truths for buyers and sellers.
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Paula-Damico-Auger's curator insight, September 28, 2017 1:12 PM

Common mistakes that Sellers need to understand

Bill Gassett's comment, September 28, 2017 7:39 PM
Thanks for the Scoop @Paula-Damico-Auger
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Myths About Open Houses Sellers Should Know

Myths About Open Houses Sellers Should Know | Birmingham Real Estate News | Scoop.it
See 7 open house myths you should never believe. Lots of real estate agents want you to think open houses are necessary to sell a home. They are not!
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Real Estate Terms to Know

Real Estate Terms to Know | Birmingham Real Estate News | Scoop.it
What are the real estate terms buyers and sellers should know? See a comprehensive list of must know terms when buying or selling a home.
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How to Handle Multiple Offers in Real Estate

How to Handle Multiple Offers in Real Estate | Birmingham Real Estate News | Scoop.it
How to handle multiple offers and bidding wars on my home is a question lots of owners ask real estate agents in a hot seller market. Here is how to deal.
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When Should I Reduce My Homes Asking Price

When Should I Reduce My Homes Asking Price | Birmingham Real Estate News | Scoop.it
When should I reduce the price of my home is a question lots of people ask their real estate agent. Find out when to reduce your home price with these tips.
Tom Horn-Real Estate Appraiser's insight:
Knowing when to drop the listing price of your home is as important as getting the listing price the right in the first place. If for some reason your home is not selling you will need to know when to drop the price and Bill Gassett covers several things to be aware of when you need to do this. 
 
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Bill Gassett's comment, July 17, 2017 3:16 PM
Thanks for the scoop @Tom Horn-Real Estate Appraiser
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Problems to Look For When Purchasing an Antique

Problems to Look For When Purchasing an Antique | Birmingham Real Estate News | Scoop.it
What are the most common problems to look for when buying an old house? Find out the biggest issues to look for when purchasing an antique home.
Tom Horn-Real Estate Appraiser's insight:
I've done a couple of appraisals lately on old homes so I know what Bill Gassett is talking about in his latest post about buying an older home. The issues he covers should be addressed before it goes on the market so that these issues do not slow down the sale or the appraisal. Check out this very informative article.
 
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Bill Gassett's comment, June 28, 2017 12:17 PM
Thanks for sharing what you need to know about buying an antique @Tom Horn-Real Estate Appraiser
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Buying a Home With a Well: What You Need to Know

Buying a Home With a Well: What You Need to Know | Birmingham Real Estate News | Scoop.it
Are you going to be buying a home with a well? See all you need to know about purchasing with a well including quality and quantity testing.
Tom Horn-Real Estate Appraiser's insight:
If you're buying a home with a well this is a must read. Bill Gassett covers the important things to be aware of.
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