Birmingham Appraisal

FEBRUARY 20, 2024

One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. Like an appraisal, it is important that the CMA reflects the latest and most accurate market data.

Agents 86

Agents Appraisal Real Estate Agent Bracketing 86

Riverfront Appraisals

JUNE 13, 2021

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there! appeared first on Riverfront Appraisals.

Reconsideration of Value 80

Reconsideration of Value Final Inspection Bracketing Appraisal 80

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. What is bracketing and why should Realtors do it?

Construction 79

Construction Appraisal Process Appraisal Bracketing 79

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. What is bracketing and why should Realtors do it?

Construction 71

Construction Appraisal Appraisal Process Bracketing 71

Housing Wire

JUNE 8, 2023

As of June 2, there were 433,104 single family homes on the market nationwide, according to data from Altos Research. households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket. It is no secret that housing inventory is low.

Bracketing 410

Bracketing Inventory Buyers Realtors 410

Birmingham Appraisal

FEBRUARY 6, 2024

We see national news stories that say this or that about the housing market, however, it may or may not reflect what is going on in our neck of the woods. If this is true then we need to have a grasp on the different market indicators for our local market. Your market may have other sources of market data as well.

Inventory 75

Inventory Real Estate Sellers Buyers 75

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Birmingham Appraisal

SEPTEMBER 26, 2023

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. The topic of outlier sales came to mind recently when I noticed a sale in my market that was listed between two and three million dollars. Pricing a listing is both an art and a science.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. However, in a market where prices are increasing, you should not have any problem getting the value of what you paid.

Buyers 71

Buyers Inspection Sellers Real Estate 71

Listing Spark

MARCH 18, 2024

The conventional pathway to selling your home is hiring a listing agent who represents you in the transaction and manages the marketing that requires a real estate license—namely, listing your property on the MLS. High-quality photographs—and lots of them—lead to higher offer prices, more offers, and less time on the market.

Modernization 36

Modernization Tools Open Houses Real Estate 36

Lamacchia Realty

MARCH 26, 2024

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. Due to these rising costs and rising number of listings, condos are remaining on the market for much longer periods than before, attracting less interest from buyers.

Bracketing 62

Bracketing HOA Sellers Buyers 62

Lamacchia Realty

JANUARY 10, 2022

The housing market around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. Additional Resources. Buyer Resources. April 8, 2021.

Sellers 73

Sellers Buyers Inspection Bracketing 73

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Real estate is a long game.

Buyers 41

Buyers Sellers Inspection Bracketing 41

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. 1) School System – School systems are one of the most important considerations that most buyers look at no matter where your market is. These changes must be considered when looking at when the comp sold.

Market Value 85

Market Value Agents Appraisal Bracketing 85

McKissock

FEBRUARY 15, 2022

National Association of Realtors. Another is to bracket the square footage and use at least one larger and one smaller comparable to help compensate. It’s a great checks-and-balance tool in a runaway sellers’ market like we are currently experiencing. Fannie Mae. Freddie Mac. International Conference of Building Officials.

Appraisal 87

Appraisal Bracketing Training Development 87

Cornerstone

MARCH 3, 2021

Though we’re currently in a seller’s market, it’s still vital to set the right price for your home if you want it to sell profitably — and fast. Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. 300,000) helps to straddle two pricing brackets and optimize exposure.

Sellers 55

Sellers Bracketing Buyers Inventory 55

Lamacchia Realty

APRIL 27, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. Additional Resources.

New Listings 56

New Listings Bracketing Inventory Realty 56

Lamacchia Realty

MAY 26, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. What's Ahead?

New Listings 36

New Listings Bracketing Inventory Realty 36