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Price Adjustments and the 2023 Market

Lamacchia Realty

2020 and 2021 did see slight hills and valleys but nothing as intense as the years’ prior. An experienced REALTOR® will make it very clear from the beginning that pricing right is the key to selling faster and for more money. If three weeks go by, contact your REALTOR® to discuss an adjustment on the list price.

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Price Adjustments in this New Housing Market

Lamacchia Realty

2020 and 2021 did see slight hills and valleys but nothing as intense as the years prior. 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. Consider the Price Brackets. See chart below.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. An experienced REALTOR will make it very clear from the beginning that pricing right is the key to selling faster and for more money.

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

Birmingham Appraisal

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The sales approach is the most well-known approach to value and involves the use of sales comparables or “comps” to develop an opinion of value.

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

Birmingham Appraisal

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The sales approach is the most well-known approach to value and involves the use of sales comparables or “comps” to develop an opinion of value.

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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. Your market may have other sources of market data as well.