Birmingham Appraisal
APRIL 11, 2023
If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing.
Birmingham Appraisal
FEBRUARY 20, 2024
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. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.
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Birmingham Appraisal
SEPTEMBER 26, 2023
Overpriced listings may not accurately reflect the broader market, making it difficult for appraisers to justify the contract price. In turn, this can result in issues with financing, as lenders may be hesitant to approve loans based on a property that may not appraise for an over-inflated contract price.
Birmingham Appraisal
NOVEMBER 14, 2023
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.
Portland Appraisal Blog
APRIL 14, 2019
There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Oftentimes appraisers will embed a short essay/commentary about why their opinion of value doesn’t align with the negotiated sales contract. 4) “Bracketing” of most major features. (No 2) No sales over a year.
Houston Properties
JANUARY 13, 2021
The average household finances are in the best shape they’ve ever been in. Household Finances – The Best (Ever). Household Finances – The Best (Ever). 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.
Raleigh Realty
MARCH 29, 2021
Due diligence stretches from the time you sign a contract to closing. USDA loans are for those in the low to moderate-income bracket. Additionally, you may need to attend a HUD-approved counseling session to help you with your finances. Ask around for recommendations so you get an experienced agent who puts you first.
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