Remove Bracketing Remove Buyers Remove Construction
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Targeting 2025’s 10 Top Housing Hot Spots 

Appraisal Buzz

Areas with fewer locked-in homeowners are likely to see more properties listed, increasing inventory and offering more opportunities for buyers. Average mortgage rate: While mortgage rates differ by area, a lower mortgage rate enables more buyers to qualify for a mortgage, boosting housing demand. million existing-home sales in 2025.

Inventory 370
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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

In today’s market where so much information is available online, it’s important to put in the research upfront when pricing a home because we know buyers do and they will know when a listing is overpriced. Using sales that are inferior, similar, and superior to the subject in some aspect constitutes bracketing.

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Are New Homes in Birmingham Getting Smaller?

Birmingham Appraisal

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. As a result, developers and buyers began to favor smaller, more affordable homes to reduce financial risk. Check out the following graphs.

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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. Q1 quality is high-end finishes, custom construction, and professional workmanship. This makes it harder to adjust and can also be the difference between two completely different buyer pools. Bracketing. Therefore, the lot size is “bracketed.”.

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My Top 8 Search Criteria For Finding The Best Comps

Birmingham Appraisal

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you have any questions feel free to contact me, I’d be glad to speak with you.

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6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

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 .

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Is The House-Flipping Boom Over for Investors?

Listing Spark

These steeper interest rates make it harder to buy homes and place them in the right bracket for easy flips. During the past three to four years, housing construction has slowed to a virtual standstill. Not being able to secure an affordable loan will hold back many flippers who can’t buy homes outright.