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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. The final CMA report presents findings and recommendations to clients, allowing them to make well-informed decisions in their real estate transactions.
By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. When choosing comparable sales, bracket the location or view . The “magic” of adjustments must be adequately explained, so the client is assured of a “market-based” reconciled value.
Do careful pre-inspection research. Take your time doing your pre-inspection homework! Proactively describe external influences and any inconsistencies a client may identify when searching online data sources. . Any evidence of inconsistency or inaccuracy will likely result in a revision request. . Be thorough in your analysis.
Appraisers sought to bracket the subject using three comparable sales. It is a place where we can show our clients just how valuable an appraisal can be. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. Or desktop appraisals and inspection only.
Buyers’ agents use this database to search for properties on behalf of their clients, and public-facing websites like Trulia display listing details to prospective homebuyers. Buyers in that pricing bracket will look at other properties that make more sense for the price, and your home will stagnate on the active market.
For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We’re already having conversations with our clients in the industry. So, what did they do? Many increased their savings. I May Need To Sell. How Does This Affect Me?
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