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

Birmingham Appraisal

In this blog post, we will delve into the concept of the Law of Diminishing Returns and explore how real estate agents can utilize this knowledge to effectively price their listings. This insight highlights the importance of using the bracketing method and including both larger and smaller comparables in the pricing process.

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5 Tax Tips for Real Estate Agents

McKissock

Tax season is in full swing and if you’re in real estate it’s useful to brush up on specific tax tips for real estate agents. Important tax tips for real estate agents to remember. We asked real estate and tax professionals across the country for their very best tax tips.

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As title insurance volume shrinks, workers take on more tasks

Housing Wire

However, 67% of respondents are over the age of 45, with the largest age brackets being 45-54 and 55-64 at 28% each. The second largest age bracket was 35-44 at 19%. Other top challenges included “educating real estate agents and consumers” (26%) and “generating new business” (24%).

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Tips for Making a Successful Transition to a New City After a Personal Low Point

Cleveland Appraisal Blog

To ensure suitability, research neighborhoods, read reviews, and consult locals or real estate agents. – The Real Value Podcast with Blaine Feyen (Podcast) USPAP and Bracketing – What’s Correct? Find the Perfect Residence Finding the ideal home is essential for a comfortable stay in a new city.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing. Using the living area to describe this technique helps it to be more easily understood, however, bracketing can be used with other features of the home as well.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Whether you’re a seasoned real estate agent or a curious homeowner, understanding the dangers of outlier sales can help ensure a more accurate and fair representation of property values. The Agent’s Role in Pricing Pricing a home accurately is a pivotal step in ensuring a successful sale.