Remove Bracketing Remove Contracts Remove Definition Remove Real Estate Agent
article thumbnail

My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing.

article thumbnail

The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Whether you’re a seasoned real estate agent or a curious homeowner, understanding the dangers of outlier sales can help ensure a more accurate and fair representation of property values. Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market.

article thumbnail

Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What just happened?