Blog Archives

Birmingham 2011 Home Sales: Market Thoughts

If you’re thinking of selling your home during 2011, does it make sense to sell sooner, rather than later?

This may be something to consider after listening to Tom Horn, an appraiser who specializes in home values in the Birmingham and Shelby Co. areas.

That’s because of what may be ahead in the coming months, which could make it tougher to sell later in the year.

On the other hand, Tom has been looking at price trends in the Birmingham and Shelby Co. area during the past year, and he has seen some changes from previously observed drops. For homeowners uncertain about trying to sell their properties, the trends—while not wonderful news—are actually a little encouraging.

We caught up with Tom to get his thoughts on what’s happening with home values here, and to ask what he thinks may be ahead. Whether you’ve been thinking about selling or buying a home in the Birmingham/Alabaster and Shelby Co. area, you may find Tom’s observations helpful.

Click the player just below…

…or click here if you’d like to download and listen to this interview on your personal listening device.

You can learn a lot more about pricing and trends from visiting Tom Horn’s Birmingham Appraisal blog, a great source of information on values and other appraisal-related news affecting the Birmingham and Shelby Co. area.

If you’re interested in knowing more about Tom’s services, visit his appraisal-source website here.

Tom is a good source of information on home values. He is even having folks who are thinking of selling their home call him in advance to appraise their properties … that, coupled with talking with an Agent familiar with the area, is a good way to know up front what your home’s ultimate selling price is likely to be.

Thanks, Tom, for the great information…

David

Appraiser Tom Horn: Birmingham Prices Down, But May Be Recovering

If Sellers sometimes have an unrealistic idea of what a Buyer is willing to pay, Tom Horn brings them back to reality.

Tom is an appraiser in the Birmingham and Shelby Co. area, and owns appraisal-source.com, a company Lenders and homeowners trying to sell on their own rely upon for accurate residential market appraisals.

Colleen and I caught up with Tom and got his analysis of what’s happening with home values in the Shelby Co. and Birmingham areas. We found out pretty quickly that talking with Tom is very interesting!

From everything we learned about home price trends in the area, as well as the negative effects on home sales prices caused by government-mandated changes in the way appraisers are selected, we knew we needed Tom to share his expertise with us.

Thomas Horn, Appraiser

We’ve divided our interview with Tom into two segments. Click the players just below to listen to Parts 1 and 2.

Tom Horn Interview Part 1:

  • Price trends overall from 2006 are down, but may be slowly recovering
  • New homes are competing heavily with owners trying to sell existing homes
  • Foreclosures are now “making” the market
  • Increasingly, Foreclosures are higher end properties
  • What banks are doing that hurts Sellers and the community

  • Tom Horn Interview Part 2:

  • How Sellers can try to keep their home’s value at its highest
  • How the Government’s plan to manage appraisals is causing complications and affecting values
  • How Appraisers are being paid less while Homeowners are being charged more
  • How to sell sooner, rather than later: The value of getting a pre-appraisal
  • …or, if you’d like to listen by downloading to your portable device:

    Click here to download Part 1 (10 Mb).

    Click here to download Part 2 (7 Mb).

    Links to Thomas Horn’s websites:

    Click for Appraisal-source website

    Click for Tom’s Appraisal Blog

    We hope you enjoy … and thanks, Tom, for the great information!

    David Black