Remove Appraisal Process Remove Bracketing Remove Information Remove Market Value
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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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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 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 market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? They are, after all, real transactions that have taken place within the market.

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. If agents utilize the same methods appraisers use in their appraisals there should not be a vast difference between the two values and the likelihood of a deal falling through will be minimized.

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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

Whether it is for the borrower, the seller, or the lender, a detailed and error-free appraisal report positively influences the purchase decision and credibility of the process. By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors.