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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

Market Research: Conducting comprehensive market research is vital for staying informed about current trends and buyer preferences in a specific area. Appraisers possess the expertise to analyze the impact of various features and upgrades on property value.

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Want to price your property like a professional home appraiser?

Premier Home Appraisal Blog

Are you a real estate professional or mortgage lender looking to learn more about the home appraisal process? Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. Bracketing requirements and consideration. We can help! Comparable selection.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

I believe that collaboration between these two real estate professionals means that they share information that promotes a transparent and open transaction. It’s about sharing information when possible and working together through good communication.

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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth. Then, we put all this information together to come up with our professional opinion of the market value.

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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth. Then, we put all this information together to come up with our professional opinion of the market value.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The Temptation of Outlier Sales in Pricing a Home At first glance, outlier sales might seem like a goldmine of information for agents. A pricing strategy that relies heavily on outlier sales one year may yield vastly different results in subsequent years, making it challenging for buyers, sellers, and lenders to make informed decisions.