Birmingham Appraisal

APRIL 11, 2023

If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing.

Realtors 86

Realtors Bracketing Agents Buyers 86

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.

Agents 87

Agents Appraisal Real Estate Agent Bracketing 87

Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. Your home is priced much higher than properties in your area Your REALTOR® will complete a comparative market analysis of the homes sold in your area in the 2-3 months. If three weeks go by, contact your REALTOR® to discuss an adjustment on the list price.

Housing Market 59

Housing Market Bracketing Marketing Sellers 59

Birmingham Appraisal

SEPTEMBER 26, 2023

In this blog post, I’ll dive deep into what outlier sales are, why they should not be used in pricing other properties, and the potential consequences of relying on them. Overpriced listings may not accurately reflect the broader market, making it difficult for appraisers to justify the contract price.

Real Estate Agent 87

Real Estate Agent Real Estate Clients Agents 87

Listing Spark

MARCH 18, 2024

Buyers in that pricing bracket will look at other properties that make more sense for the price, and your home will stagnate on the active market. Showing Tools and Resources When you have an agent, they coordinate showings with other realtors or hold an open house to get prospective buyers into your home.

Modernization 36

Modernization Tools Open Houses Real Estate 36

Lamacchia Realty

MARCH 26, 2024

The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. An experienced REALTOR® will make it very clear from the beginning that pricing right is the key to selling faster and for more money. How do you know your house or condo is overpriced?

Bracketing 54

Bracketing HOA Sellers Buyers 54

Birmingham Appraisal

NOVEMBER 14, 2023

The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. When considering sales for comps it is important to bracket the square footage so that you get a more complete picture of how square footage affects the sale price of a home.

Market Value 86

Market Value Agents Appraisal Bracketing 86