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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

Some people will say that it is market value because you have a willing buyer and a willing seller. On the other hand, the value that is reflected in most appraisals is a value that reflects what the majority of other market participants are willing to pay. For sellers, this can be appealing, as it may justify a higher asking price.

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Appraising Fixer Uppers

Appraisal Today

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. 2) Anger—that idiot appraiser killed my deal!

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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

In appraising we analyze the competitive market area that our property is located in and when discussing housing stats it’s important to study the housing numbers at the same level. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase.

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2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

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