This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Most loans will fall under federal guidelines and use a definition for marketvalue 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.
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.
The market area that the property is located in can definatley support the price but does the price truely reflect the marketvalue of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? Related posts: What is bracketing and why should Realtors do it?
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Bracketing 
78 
Let's personalize your content