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Appraisal Quality Tip: Location matters — The key to choosing comparable properties

Clear Capital

Depending on location, features such as condition, quality of construction, room count, etc., Issue: Neighborhood sales do not bracket a salient feature Solution: Use comparables from both inside the subject’s immediate neighborhood as well as outside the neighborhood. can vary in market reaction.

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Appraisal Comparable Guidelines – What Do Appraisers Look For in Comps?

Realvals

Q1 quality is high-end finishes, custom construction, and professional workmanship. Bracketing. It is always important for an appraiser to try and “bracket” all features of the subject property. Therefore, the lot size is “bracketed.”. As an appraiser, I always welcome any and all information the client provides me.

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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

In an ideal world, an appraiser would have comparable sales in the same neighborhood with the same characteristics, similar construction style, square footage, lot size, room counts, upgrades, exterior amenities, condition, and quality of construction. When choosing comparable sales, bracket the location or view .

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Ladd’s Addition—Neighborhood Analysis of Single-Family Residential Homes (July 2019)

Portland Appraisal Blog

This is reflected in the age histogram showing most of the homes falling in the 91-97 years bracket. New/newer constructions in Ladd’s addition is nearly unheard of. Most properties within Ladd’s Addition were built around 1900-1930. Bathroom Count.

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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. Today I thought I would share the search criteria I use and the reasons for each of them.

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Appraising Fixer Uppers

Appraisal Today

These types of clauses are now incredibly common amongst the construction trades, real estate professionals, wedding services, financial services, and more. Appraisers sought to bracket the subject using three comparable sales. It is a place where we can show our clients just how valuable an appraisal can be.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We’re already having conversations with our clients in the industry. So, what did they do? Many increased their savings. How Is My Neighborhood Doing? Buyers Beware? I May Need To Sell.