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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. Specifically, it can show: 1. Read previous CoreLogic HPI reports here.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. 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.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. Some people will say that it is market value because you have a willing buyer and a willing seller. Should Outlier Sales Be Used When Pricing a Listing?

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Price Adjustments and the 2024 Market

Lamacchia Realty

Now in 2024, the inventory of homes has been steadily rising, but mortgage rates have recently dipped, so the real estate landscape is still readjusting itself from the frenzied pandemic market. If your home has been on the market without any strong offers, it may not be priced correctly.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

If your home has been on the market without any strong offers, it may not be priced correctly. In typical real estate markets, a seller should receive at least one offer within the first two weeks of listing the home. Consider the Price Brackets. One of the points they make is about price adjustments.

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Price Adjustments in this New Housing Market

Lamacchia Realty

If your home has been on the market without any strong offers, it may not be priced correctly. In typical real estate markets, a seller should receive at least one offer within the first two weeks of listing the home. Consider the Price Brackets. One of the points they make is about price adjustments.

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Are New Homes in Birmingham Getting Smaller?

Birmingham Appraisal

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. Census Bureau, home size steadily increased from 1999 through 2008/2009, which we all know was when the housing market crashed.