Appraisal Buzz

DECEMBER 9, 2024

However, individual comparable sales exhibited different trends relative to the market average: Figure 1 For more information, refer to the Fannie Mae Selling Guide, section B4-1.3-09. By examining sales over time, appraisers can develop a timeline of how property values have evolved in that area.

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Appraisal Marketing Valuation Tools 358

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.

Realtors 93

Realtors Bracketing Appraisal Buyers 93

Realvals

AUGUST 4, 2022

For example, if you like in a planned development where there are a few different models of houses, the chances that the appraiser will be able to find exact model match comparables is much greater. Condition refers to the house’s current condition in terms of overall maintenance, depreciation, and updates. Bracketing.

Appraisal 78

Appraisal Bracketing Real Estate Buyers 78

Lamacchia Realty

SEPTEMBER 1, 2021

How many times have you driven down a New England street and loved the style of a home and had no idea how to reference it to your real estate agent? This mid-century modern style home became most popular when families wanted economical homes in suburban development. Knowing which style of house you want is another story altogether.

Architecture 78

Architecture Decorating Modernization Design 78

Raleigh Realty

MARCH 29, 2021

Refinancing refers to when a homeowner replaces the current loan package with a new one. Check Out Programs from the Department of Housing and Urban Development When you're a government employee, where should you look for financial help? USDA loans are for those in the low to moderate-income bracket. What Is HUD?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Conclusion When developing a pricing strategy, the use of outlier sales should be approached with caution. Related posts: What is bracketing and why should Realtors do it?

Real Estate Agent 94

Real Estate Agent Real Estate Clients Agents 94

Birmingham Appraisal

FEBRUARY 6, 2024

I do have some videos on my YouTube channel that teach some basic graph-making skills so you can also refer to them HERE. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. If you have any questions feel free to contact me and as always, thanks for reading.

Inventory 85

Inventory Real Estate Sellers Buyers 85