Remove Bracketing Remove Contracts Remove Market Value Remove Marketing
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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. That’s because fewer homes are being placed under contract. By creating demand with accurate pricing and aggressive marketing.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

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. While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did.

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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. The topic of outlier sales came to mind recently when I noticed a sale in my market that was listed between two and three million dollars. There is a difference.

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

Portland Appraisal Blog

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. That’s not the case here. Read the report!

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Appraising Fixer Uppers

Appraisal Today

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Appraisers sought to bracket the subject using three comparable sales. I gave up residential lender appraisals many years ago.

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. These changes must be considered when looking at when the comp sold.

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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. Location, location, location. 1 is location, No.