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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately. Legal Implications If a buyer or seller relies on an inflated outlier-based list price to make a significant financial decision and later faces financial hardships as a result, they may pursue legal action.

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Appraising Fixer Uppers

Appraisal Today

Appraisers sought to bracket the subject using three comparable sales. Our opinions are sought for work as varied as bankruptcy, estate, charitable contributions, pre-listing, before-and-after valuation, among other reasons. It is one environment where residential appraisers are still valued. Worth reading.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Richard Hagar , a nationally recognized appraiser and valuation expert, points out the various reasons why an ROV may be necessary: To correct a serious mistake of material deficiency in the original report.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Get a free home valuation for your house and trends in your neighborhood. 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. Properties are still going under contract. Remember: real estate is hyper-local! So, what did they do?