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

Birmingham Appraisal

JULY 12, 2023

For example, upgrading a kitchen with modern appliances and high-end finishes may significantly increase its value. Elaborating on Pricing by Comparing Homes of Similar Sizes When it comes to pricing a home, comparing it to other similar-sized homes in the market is a fundamental aspect of the pricing and appraisal process.

Real Estate Agent 85
Real Estate Agent Law Real Estate Bracketing 85
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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. If agents utilize the same methods appraisers use in their appraisals there should not be a vast difference between the two values and the likelihood of a deal falling through will be minimized.

Market Value 86
Market Value Agents Appraisal Bracketing 86
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