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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. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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What is a "Comp?"

Town & Country Residential Appraisals

Imagine home valuation in this neighborhood. This means that over the years we have received properties from real estate agents on properties where we had a question as to the rationale used to develop a contract price. Always a sale that is close in price to the subject contract. Sometimes they aren’t “comps” at all.

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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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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. Overpriced listings may not accurately reflect the broader market, making it difficult for appraisers to justify the contract price. Related posts: What is bracketing and why should Realtors do it?

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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?