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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Some people will say that it is market value because you have a willing buyer and a willing seller. For sellers, this can be appealing, as it may justify a higher asking price. Including an exceptionally high sale in an area with mainly moderate values can give a false impression of what typical buyers and sellers can expect.

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Why is an Appraiser Asking Me About an Old Comp?

Portland Appraisal Blog

Sometimes years might pass by before this legal requirement is understood by the family and an appraisal report is ordered. Legal Disputes : Problems can arise between neighbors that is brought to litigation. This has prevented me from accidentally under-appraising a property—something the seller (and their agent) often appreciates!

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Appraising Fixer Uppers

Appraisal Today

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. Appraisers sought to bracket the subject using three comparable sales. We have learned how to address areas that tend to be sticking points for Fannie Mae and Freddie Mac, such as bracketing elements of comparison.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. USDA loans are for those in the low to moderate-income bracket. In fact, your lender has a legal obligation to spell out these fees and mortgage terms.

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

Portland Appraisal Blog

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. The buyer loves the home and both buyer and seller feel the price is fair. In many cases even if the appraisal is just few thousand short, the underwriter will not go through with the deal or require the seller to cut the price.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Avoid 9 Costly Mistakes Sellers Make. 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. 2020 ended favoring sellers. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Do You Want To Buy A Home Now?

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The title insurance industry prepares for battle

Housing Wire

We have already started to see sellers start to lower their prices to adjust to what is acceptable in this market, so that might drive more buyers in and then you will always have that steady level of purchase demand for people who need a home due to life events.”. “For The second largest age bracket was 35-44 at 19%.

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