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Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.
AppraisalTips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
Appraisers Research and Analyze The Market. Most agents in the Birmingham, Alabama market where I work are great about answering any questions I have about their listings. They must also find out everything about the comparable so that they can assess how it compares to the property that is being appraised.
Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. Two things can happen with this occurs.
It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog. Well, sort of.
They even go on to say a Zestimate is not a home appraisal and encourage buyers and sellers to get a house appraisal: “The Zestimate’s accuracy depends on location and the availability of data in an area. The Zestimate is not an appraisal and it should be used as a starting point. Thank you Zillow!
Not all home appraisals – and those who conduct them – are created equal. The home is under contact, seller and buyer have agreed to terms. CoreLogic said the more typical figure for low appraisals in the U.S. After all, both parties want a positive outcome from the appraisal. Home AppraisalTips for Buyers ).
These AppraiserTips for Home Pricing in Birmingham, AL Could Save You Thousands Correctly pricing a home is one of the most critical factors in successfully selling real estate, particularly in a dynamic market like we currently have in many parts of the country.
Gregory and all real estate agents that have had similar experiences have a legitimate problem that they must deal with. Did the seller set the listing price? Was the appraisal based on a realtor’s CMA or area sales and listings? As an appraiser, I could not agree more. What can you do in that situation?
You can showcase the appraisal report in your marketing materials, assuring potential buyers that your home is priced accurately and fairly. Adding the pre-listing appraisal report to your listing can attract serious buyers who are confident in the value of your home.
After 35 years of appraising here, the value effect is none. Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. Appraising started in the U.S. How to get referrals from real estate agents.
Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers.
This doesn’t mean every property is literally worth 12% less, but I have to say the change is sizeable when looking at neighborhood comps lately and hearing feedback from real estate agents. Sellers, did you hear that? He focuses his blog on real estate agents and home owners for marketing purposes. Offer a lunch and learn.
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