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Appraisal Quality Tip: Location matters — The key to choosing comparable properties

Clear Capital

Issue: Neighborhood sales do not bracket a salient feature Solution: Use comparables from both inside the subject’s immediate neighborhood as well as outside the neighborhood. This approach captures location and provides bracketing for features. Based on this no location adjustment is warranted.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. For the above reasons, it is very important for accurate valuations during the home-buying process. Are you a cross your fingers type of listing agent when it comes to appraisals?

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