article thumbnail

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

Birmingham Appraisal

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Using sales that are inferior, similar, and superior to the subject in some aspect constitutes bracketing.

article thumbnail

The Loan Officer’s Guide to Appraisals Part 5:  What is bracketing and why do we do it?

Riverfront Appraisals

The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it? So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. So if this is […]. appeared first on Riverfront Appraisals.

article thumbnail

Low-income owners’ home values have increased by 75% since 2012

Housing Wire

In comparison, middle-income households (earning between 80% and 200% of the metro’s median income) saw an increase of 68%, or $122,070, during that time, while upper-income households (earning over 200% of the area’s median income) saw an increase of $150,810, according to a report released on Tuesday by the National Association of Realtors (NAR).

article thumbnail

Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

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. Market Dynamics: In a changing real estate market, especially one facing increasing costs of ownership, staying ahead of trends can be crucial.

article thumbnail

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.

Agents 86