Appraisal Buzz
OCTOBER 9, 2024
The former had about $2,900 in residual monthly income in 2022; even those in the 60%-80% AMI bracket still had $2,500 remaining after housing expenses, while burdened lower-income renters only had $600 a month left over. By definition, middle-income renters have higher earnings and greater earning potential.
Riverfront Appraisals
JULY 1, 2021
So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […]. If this is your first time visiting our blog, welcome! appeared first on Riverfront Appraisals.
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Birmingham Appraisal
APRIL 11, 2023
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. Using the living area to describe this technique helps it to be more easily understood, however, bracketing can be used with other features of the home as well.
Birmingham Appraisal
AUGUST 14, 2024
Other years had larger homes, however, it should be noted that as of the second quarter of 2024, the current year does have the lowest square footage, which lends support for the definite decline in home size. Effectively bracketing the comparable sales used will give you the most accurate indication of value.
Portland Appraisal Blog
APRIL 14, 2019
Most loans will fall under federal guidelines and use a definition for market value found on the form report workhorse of the appraisal world—the Fannie Mae 1004 Form. However, many agents (and sadly, more than a few appraisers) have not taken the time to read the definitions and certifications contained in the form.
Raleigh Realty
APRIL 27, 2021
While still catering to older generations, Knightdale definitely has the youthful population vibe connected to career-minded and intellectual-stimulated residents. Most people have a middle-income bracket with people working in executive, management, sales, and retail jobs. What are the Best Places to Live in Knightdale?
Birmingham Appraisal
SEPTEMBER 26, 2023
Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market. Related posts: What is bracketing and why should Realtors do it? Including an exceptionally high sale in an area with mainly moderate values can give a false impression of what typical buyers and sellers can expect.
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