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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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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? For buyers, it could mean a potential bargain. There is a difference.

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7 Easy Steps to Reduce Appraisal Revision Requests

Clear Capital

In addition, the time it takes to obtain an appraisal report can significantly impact borrowers. Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital. Be thorough in your analysis.

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you have any questions feel free to contact me, I’d be glad to speak with you.

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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. They lose sight of this important appraisal comp selection and often do not include them in the report, which warrants a revision request from the lenders and customers.