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Are New Homes in Birmingham Getting Smaller?

Birmingham Appraisal

Pricing Challenges The decrease in house size for new construction can present a challenge to both agents and appraisers when attempting to determine a property’s market value. Effectively bracketing the comparable sales used will give you the most accurate indication of value.

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Price Adjustments and the 2023 Market

Lamacchia Realty

Consider the Price Bracket Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home. Simply put, lowering your price to the next bracket will expose your home to those people searching within that next price range. They are right.

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Price Adjustments in this New Housing Market

Lamacchia Realty

Consider the Price Brackets. Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home. Simply put, lowering your price to the next bracket will expose your home to those people searching within that next price range. They are right.

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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. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.

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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

Then, we put all this information together to come up with our professional opinion of the market value. The three approaches to value that are available for the appraiser to use are the cost approach, sales comparison approach, and income approach to value. appeared first on Birmingham Appraisal Blog.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Consider the Price Brackets. Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home. Simply put, lowering your price to the next bracket will expose your home to those people searching within that lower level. They are right.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

Then, we put all this information together to come up with our professional opinion of the market value. The three approaches to value that are available for the appraiser to use are the cost approach, sales comparison approach, and income approach to value. appeared first on Birmingham Appraisal Blog.