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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

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. 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.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Pressure from Clients Real estate professionals, including agents, often face pressure from clients to incorporate outlier sales into their Comparative Market Analysis (CMA). Ethical Concerns Using outlier sales to manipulate property values or cater to clients’ desires can raise ethical concerns within the real estate industy.

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What is a "Comp?"

Town & Country Residential Appraisals

This allows us to reach out to the lender and ask for what the agent used to assist their client in pricing/making an offer on the home in question (most lenders discourage this in any other transaction). Always a sale that is close in price to the subject contract. A recent sale.

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Appraising Fixer Uppers

Appraisal Today

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. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. percent from 6.40 percent from 6.36

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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. When choosing comparable sales, bracket the location or view . The “magic” of adjustments must be adequately explained, so the client is assured of a “market-based” reconciled value.

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Modern FSBO Listing Services: Innovative Tools You Can Use

Listing Spark

Buyers’ agents use this database to search for properties on behalf of their clients, and public-facing websites like Trulia display listing details to prospective homebuyers. 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.

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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. 3) Year Built – The year a home was built and its age can affect its value.