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Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Size and Layout: The size and configuration of a property , including the number of bedrooms, bathrooms, square footage, and usable space, are critical appraisal factors. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

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Home Appraisal 101: Maximizing the Value of Your Home

Chicagoland Appraisal Blog

When the housing marketplace favors sellers, home values run high. During buyer’s markets, sellers might find it difficult to sell an outdated home or to achieve their asking price. The Value of a Home Appraisal. What Hurts a Home Appraisal? Various factors can hurt your home’s appraisal. Outdated HVAC system.

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7 Mistakes Real Estate Agents Should Avoid

Birmingham Appraisal

Mistakes Real Estate Agents Need to Steer Clear Of 1) Not providing an information packet to the appraiser – An information packet is the easiest thing to share with the appraiser. Most agents put together this information for potential buyers so why not share it with the appraiser? Two things can happen with this occurs.

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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The home had been recently renovated and was in great condition. The appraisal at that time matched the purchase price. In order to encourage buyers, sellers slowly reduce the list price of their homes.

Appraisal 148
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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The home had been recently renovated and was in great condition. The appraisal at that time matched the purchase price. In order to encourage buyers, sellers slowly reduce the list price of their homes.