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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Bracketing Marketing Sellers Buyers 74

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.

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Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

MARCH 26, 2024

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. Due to these rising costs and rising number of listings, condos are remaining on the market for much longer periods than before, attracting less interest from buyers.

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Bracketing HOA Sellers Buyers 73

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. How do you know your house is overpriced?

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Bracketing Sellers Buyers Inventory 69

Birmingham Appraisal

FEBRUARY 20, 2024

One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did.

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Agents Appraisal Real Estate Agent Bracketing 95

Birmingham Appraisal

SEPTEMBER 26, 2023

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. The topic of outlier sales came to mind recently when I noticed a sale in my market that was listed between two and three million dollars. Pricing a listing is both an art and a science.

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Real Estate Agent Real Estate Clients Agents 94

Lamacchia Realty

APRIL 27, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. Seller Resources.

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New Listings Bracketing Inventory Realty 68

Birmingham Appraisal

FEBRUARY 6, 2024

We see national news stories that say this or that about the housing market, however, it may or may not reflect what is going on in our neck of the woods. If this is true then we need to have a grasp on the different market indicators for our local market. Your market may have other sources of market data as well.

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Inventory Real Estate Sellers Buyers 85

Lamacchia Realty

JANUARY 10, 2022

The housing market around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Consider Waiving Inspection.

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Sellers Inspection Buyers Bracketing 74

Cornerstone

MARCH 3, 2021

Though we’re currently in a seller’s market, it’s still vital to set the right price for your home if you want it to sell profitably — and fast. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat. Reading Time: 3 minutes. are anticipated to rise by 4.5

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Sellers Bracketing Inventory Buyers 59

Cornerstone

MAY 21, 2021

But digging into five mainstream myths about today’s housing market can provide you with more clarity. As you prepare to buy a home – either as a first-time buyer or as a seller who is buying a new house – it’s critical to know your monthly budget and exactly how much house you can afford. percent in the fourth quarter of 2022.”.

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Real Estate Loan Officers Bracketing Sellers 61

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. However, in a market where prices are increasing, you should not have any problem getting the value of what you paid.

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Inspection Buyers Sellers Real Estate 74

Portland Appraisal Blog

AUGUST 8, 2020

These factors might include: A home with an owned solar system in a market where very few sales have solar. A home selling right next door to the subject is about as good as it gets when it comes to bracketing location and might merit inclusion in a report even if it did sell more than a year ago.

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Appraisal Bracketing Lending Agents 78

McKissock

FEBRUARY 15, 2022

Another is to bracket the square footage and use at least one larger and one smaller comparable to help compensate. It’s a great checks-and-balance tool in a runaway sellers’ market like we are currently experiencing. So, with that known discrepancy, how do we address the inaccuracies?

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Appraisal Bracketing Training Development 87

Listing Spark

JUNE 7, 2024

However, today’s housing market has been incredibly difficult for house-flipping TV stars —and it’s challenging for smaller business owners too. The house-flipping market has always been more complex than simply buying properties for a low price and reselling them at a higher price. However, the markets are flat.

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Investors Modernization Real Estate Tools 69

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. The buyer loves the home and both buyer and seller feel the price is fair.

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Appraisal Reconsideration of Value Agents Market Value 78

Clear Capital

DECEMBER 21, 2022

Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . Whether it is for the borrower, the seller, or the lender, a detailed and error-free appraisal report positively influences the purchase decision and credibility of the process.

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Appraisal Bracketing Clients Market Value 69

Raleigh Realty

MARCH 29, 2021

Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. Homes that are priced at $25,000 or less have six months to sit on the market. USDA loans are for those in the low to moderate-income bracket. And shop around for lenders.

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Government Real Estate Agent Insurance Property Taxes 148

Town & Country Residential Appraisals

DECEMBER 16, 2019

For unique homes, comps may only be very similar in one area, and a wide group of comps is used to bracket all of the various features (if the home is a 3,000 sqft 1 bedroom home, you may have a 3000 sqft 2 bedroom, and a 1500 sqft 1 bedroom as comps to bracket both features because the subject is very unique in this combination of features).

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Bracketing Contracts Real Estate Agent Agents 36

Lamacchia Realty

MAY 26, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. Seller Resources.

New Listings 36

New Listings Bracketing Inventory Realty 36

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market.

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Inspection Buyers Sellers Bracketing 41

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.”

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Appraisal Bracketing Valuation Contracts 52

Listing Spark

MARCH 18, 2024

The conventional pathway to selling your home is hiring a listing agent who represents you in the transaction and manages the marketing that requires a real estate license—namely, listing your property on the MLS. High-quality photographs—and lots of them—lead to higher offer prices, more offers, and less time on the market.

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Modernization Tools Open Houses Real Estate 36

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Need To Sell?

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 22, 2024

As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. Economists and market participants love airplane analogies (soft landing, no landing) so I’ll dust off my epaulets and declare the state of housing a “crash landing.”

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Marketing Investors Investing Housing Market 468

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down. What happened to the market?’”.

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Insurance Bracketing Legal Business 505

Appraisal Today

DECEMBER 13, 2024

Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in Housing Market? Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies Donald Trumps Second Term Could Bring Significant Shifts to the Housing Market Report: Whats Driving the Recent Refi Boom? Mortgage applications increased 5.4 I was trained to do 3 per day.

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Appraisal Contracts Real Estate Mortgage 86