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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. Now, we all fondly (?!)

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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

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. However, in the quest for accuracy and reliability, one common mistake that real estate professionals need to avoid is the undue influence of outlier sales in pricing strategies.

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

Clear Capital

For this month’s tip, we’ll focus on the three biggest factors in real estate. In the world of real estate, location is king as it’s a primary consideration for buyers and the foundation of property values. This approach captures location and provides bracketing for features. Can you guess what they are?

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Appraising Fixer Uppers

Appraisal Today

Excerpt: The most coveted pieces of real estate are often found directly on the water. 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.

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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.

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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. Proactively describe external influences and any inconsistencies a client may identify when searching online data sources. .