Remove Bracketing Remove Legal Remove Market Value Remove Valuation
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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?

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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. Worth reading.

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

Portland Appraisal Blog

Anytime an appraiser is asked to proffer an opinion of value (even if it is just to reconsider one already made) it is an appraisal. 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.