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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

Real Estate Agent 84
Real Estate Agent Law Real Estate Bracketing 84
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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

NOVEMBER 14, 2023

This is commonly known as the law of diminishing returns. When considering sales for comps it is important to bracket the square footage so that you get a more complete picture of how square footage affects the sale price of a home. When all else is equal with a property, those that are larger will sell for more.

Market Value 85
Market Value Agents Appraisal Bracketing 85
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