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Price Adjustments and the 2023 Market

Lamacchia Realty

An experienced REALTOR® will make it very clear from the beginning that pricing right is the key to selling faster and for more money. But even with all the data at hand, determining the exact price isn’t always easy, especially in a shifting market like we have seen since the beginning of the year.

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

Birmingham Appraisal

Then, we put all this information together to come up with our professional opinion of the market value. The three approaches to value that are available for the appraiser to use are the cost approach, sales comparison approach, and income approach to value. What is bracketing and why should Realtors do it?

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Price Adjustments in this New Housing Market

Lamacchia Realty

Your home is priced much higher than properties in your area Your REALTOR® will complete a comparative market analysis of the homes sold in your area in the 2-3 months. Neighborhood homes are valued relatively close to one another if their size and condition are relatively similar. Consider the Price Brackets.

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

Birmingham Appraisal

Then, we put all this information together to come up with our professional opinion of the market value. The three approaches to value that are available for the appraiser to use are the cost approach, sales comparison approach, and income approach to value. What is bracketing and why should Realtors do it?

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Homes are essentially flying off the shelves this year, so if a home sits on the market without much interest, at some point you have to consider improving the price. An experienced REALTOR will make it very clear from the beginning that pricing right is the key to selling faster and for more money. Consider the Price Brackets.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.

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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. Therefore, when searching for comps, agents should factor in the impact of the local school system on property values. 3) Year Built – The year a home was built and its age can affect its value.