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Cost Approach in Fifteen Minutes or Less

Appraisal Buzz

Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) As a real estate developer, prior to entering the field, I always costed out my projects for profitability. 4) Streamline (update).

Valuation 370
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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. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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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). Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately.

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What is a "Comp?"

Town & Country Residential Appraisals

Imagine home valuation in this neighborhood. 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). Every house identical… except for the ones next to the industrial site. A recent sale.

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7 Easy Steps to Reduce Appraisal Revision Requests

Clear Capital

Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital. Cloning an appraisal report can end up taking more time and create the potential for revision requests than well-developed templates.