Appraisal Buzz
OCTOBER 31, 2024
So far, increased negotiations haven’t resulted in a significant decline in commissions in Redfin’s data, but it’s worth noting that many homes that closed in September went under contract before the changes took effect. Agents and consumers, many of whom started working together before August, are still adjusting to the new rules.
Housing Wire
AUGUST 23, 2024
Kleimann: Will there be scenarios where a buyer signed the BBA (buyer broker agreement) and is under contract but says, ‘Look, I can’t pay you 2% commission on this. If an agent has a signed contract, similar to a lawyer who is representing a client, that agent could attempt to enforce that contract.
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Appraisal Buzz
DECEMBER 9, 2024
Market Condition Adjustments Illustration Fannie Mae guidelines emphasize that adjustments made to comparable sales are based on market changes between the contract date of the comparable sales and the effective date of the appraisal. This is shorthand that every experienced appraiser knows and understands please dont @ me.
Birmingham Appraisal
APRIL 11, 2023
If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing.
Lamacchia Realty
JUNE 21, 2022
That’s because fewer homes are being placed under contract. 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. Real estate websites set up their property search tools with price brackets.
Birmingham Appraisal
FEBRUARY 20, 2024
It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.
Lamacchia Realty
MARCH 26, 2024
The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. 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.
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