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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

This insight highlights the importance of using the bracketing method and including both larger and smaller comparables in the pricing process. If you have any questions regarding pricing, including the bracketing method, feel free to contact me. Related posts: What is bracketing and why should Realtors do it?

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5 Tax Tips for Real Estate Agents

McKissock

“If they are fellow realtors and make commissions, they can be 1099s,” says Jeffrey A. If they are paid to perform other duties outside that of being a licensed realtor, they may be deemed an employee for those items and all that goes along with payroll.”. Or, if your client is a couple, then it’s $50 per couple per year.”.

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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 final CMA report presents findings and recommendations to clients, allowing them to make well-informed decisions in their real estate transactions.

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

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Top Ranked Realtors: Paige Martin & The Houston Properties Team. 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. I May Need To Sell. So, what did they do?