Birmingham Appraisal
APRIL 11, 2023
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. Using the living area to describe this technique helps it to be more easily understood, however, bracketing can be used with other features of the home as well.
Birmingham Appraisal
FEBRUARY 20, 2024
Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. By providing the CMA to the appraiser, the appraiser can see the agent’s thought process when developing the asking price.
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Birmingham Appraisal
SEPTEMBER 26, 2023
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. Conclusion When developing a pricing strategy, the use of outlier sales should be approached with caution.
Raleigh Realty
MARCH 29, 2021
Check Out Programs from the Department of Housing and Urban Development When you're a government employee, where should you look for financial help? The Department of Housing and Urban Development (HUD) offers programs that may help you buy a home. USDA loans are for those in the low to moderate-income bracket. What Is HUD?
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