Bracketing Market Value Sellers 
Appraisal Buzz
DECEMBER 9, 2024
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%. Active listings also provide insight into current seller and buyer motivations.
Lamacchia Realty
OCTOBER 17, 2024
PRICE ADJUSTMENTS AND THE 2024 MARKET In 2023, it was clear that the market was continuing to adjust from the frenzied post-pandemic scene in the early 2020s. Many sellers are holding the line, and buyers continue to face competition. Sellers create demand with accurate pricing and aggressive marketing.
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Lamacchia Realty
JUNE 21, 2022
For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.
Lamacchia Realty
OCTOBER 25, 2023
PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Fewer sellers need to adjust their price because, again, it’s a seller’s market.
Lamacchia Realty
AUGUST 3, 2021
Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. Consider the Price Brackets.
Birmingham Appraisal
FEBRUARY 20, 2024
The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. While the agent acts on behalf of their seller, it is important for their pricing strategy to also be based on the most up-to-date and accurate market data.
Birmingham Appraisal
SEPTEMBER 26, 2023
The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For sellers, this can be appealing, as it may justify a higher asking price.
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