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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

It includes insights from CoreLogic economists to help appraisers and home buyers understand the market. Active listings also provide insight into current seller and buyer motivations. Pending sales are particularly useful because they represent properties that have attracted buyers, reflecting the current market conditions.

Appraisal 358
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Real estate coach Skye Michiels on why sell-side commissions might rise and new models could emerge

Housing Wire

Sky Michiels In an interview with HousingWire Managing Editor James Kleimann, Michiels shared his thoughts on how buyer broker compensation will evolve, how lower-income buyers will be affected, the legal scenarios for agents, and what new business models may emerge in the coming years. But the seller only agrees to pay 1%.

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ARMs race: adjustable-rate mortgages make a comeback

Housing Wire

Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. It’s important for clients to see their options between ARMs and a fixed-rate mortgage and see what the differences are, Neat Home Loans’ Johnson said.

Mortgage 370
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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

Pricing a property correctly from the outset is crucial for attracting potential buyers and maximizing the seller’s return on investment. Buyers are often reluctant to pay a premium for features that significantly exceed the norm in their area.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For buyers, it could mean a potential bargain. There is a difference.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender.

Agents 95
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Appraisal Comparable Guidelines – What Do Appraisers Look For in Comps?

Realvals

Usability is of great significance here, where families are the main buyers. This makes it harder to adjust and can also be the difference between two completely different buyer pools. Most likely, the buyers would not be the same, and it would not make a good comparable. Bracketing. Best Practices for Comparable Sales.