Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Real estate websites set up their property search tools with price brackets.

Bracketing 67

Bracketing Marketing Sellers Buyers 67

Lamacchia Realty

JANUARY 10, 2022

Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Additional Resources.

Sellers 73

Sellers Buyers Inspection Bracketing 73

Lamacchia Realty

JUNE 21, 2022

As you can see in the chart below, the red line indicates that 2022 began with the highest absorption rate of available inventory in the past 4 years but over the past 8 weeks has dropped to right around the same rate or lower than last year and we expect it to be going down more. Consider the Price Brackets. See chart below.

Housing Market 67

Housing Market Bracketing Marketing Sellers 67

Lamacchia Realty

MARCH 12, 2024

If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price. Real estate is a long game. Homes selling over-asking price has become much more common over the last couple of years, especially right now.

Buyers 71

Buyers Inspection Sellers Real Estate 71

Lamacchia Realty

MARCH 26, 2024

In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. Consider the Price Bracket Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home.

Bracketing 63

Bracketing HOA Sellers Buyers 63

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. If you widen the search bracket to reflect homes $50K under your budget, you may have an easier time winning a bidding war because you’ll be able to offer much higher than the asking price.

Buyers 41

Buyers Sellers Inspection Bracketing 41

McKissock

FEBRUARY 15, 2022

Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. Related reading: For more info, check out Dan Bradley’s article, “Fannie Mae to Adopt ANSI Measurement Standard in 2022.”. A positive step toward consistency in appraising. was used.

Appraisal 87

Appraisal Bracketing Training Development 87