Remove Appraisal Process Remove Bracketing Remove Reference
article thumbnail

Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. This plot is particularly effective in highlighting concentrations within specific price brackets and showcasing the overall shape of the data distribution.

Appraisal 358
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 Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. If you liked this post subscribe by email (or RSS feed ).