Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use a new construction sale as a comp for an older home. Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth.

Construction 88

Construction Appraisal Process Appraisal Bracketing 88

Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Appraisal Process To answer this it’s important to understand the appraisal process. When we appraise a house, we’re figuring out how much it’s worth.

Construction 80

Construction Appraisal Appraisal Process Bracketing 80

Birmingham Appraisal

APRIL 11, 2023

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.

Realtors 93

Realtors Bracketing Appraisal Buyers 93

Clear Capital

DECEMBER 21, 2022

In an ideal world, an appraiser would have comparable sales in the same neighborhood with the same characteristics, similar construction style, square footage, lot size, room counts, upgrades, exterior amenities, condition, and quality of construction. When choosing comparable sales, bracket the location or view .

Appraisal 69

Appraisal Bracketing Clients Market Value 69

Birmingham Appraisal

NOVEMBER 14, 2023

If agents utilize the same methods appraisers use in their appraisals there should not be a vast difference between the two values and the likelihood of a deal falling through will be minimized. I’ve listed below the top search criteria I look at when searching for comps during the appraisal process.

Market Value 94

Market Value Agents Appraisal Bracketing 94