article thumbnail

Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

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. While the agent acts on behalf of their seller, it is important for their pricing strategy to also be based on the most up-to-date and accurate market data.

Agents 86
article thumbnail

Price Adjustments and the 2023 Market

Lamacchia Realty

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. Consider the Price Bracket Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home. One of the points they make is about price adjustments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

Then, we put all this information together to come up with our professional opinion of the market value. The three approaches to value that are available for the appraiser to use are the cost approach, sales comparison approach, and income approach to value. What is bracketing and why should Realtors do it?

article thumbnail

Price Adjustments in this New Housing Market

Lamacchia Realty

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. Consider the Price Brackets. Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home. How much do you adjust the price? They are right.

article thumbnail

Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

Then, we put all this information together to come up with our professional opinion of the market value. The three approaches to value that are available for the appraiser to use are the cost approach, sales comparison approach, and income approach to value. What is bracketing and why should Realtors do it?

article thumbnail

Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. Consider the Price Brackets. Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home. How much do you adjust the price? They are right.

article thumbnail

The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? Related posts: What is bracketing and why should Realtors do it?