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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.
Whether you’re a seasoned realestateagent or a curious homeowner, understanding the dangers of outlier sales can help ensure a more accurate and fair representation of property values. The Agent’s Role in Pricing Pricing a home accurately is a pivotal step in ensuring a successful sale.
Refinancing refers to when a homeowner replaces the current loan package with a new one. You want to choose the best price available Find an Agent Yes, it does cost money to hire a realestateagent. With an agent, you get a professional who knows the ropes. And research the crime statistics for the area.
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 realestateagent? Turrets, elaborate shingle shapes, such as scallops, and scrolled brackets were now attainable resources. But what are they?
A great skill to have for a realestateagent, or anyone in the realestate industry, is the ability to download sales data from your local MLS and import it into a spreadsheet program like Excel or Google Sheets. The average sale price will factor in the outlier sales which could possibly skew the results.
This is written for realestateagents, but very useful for appraisers. INDUSTRY “Industry refers to an economic activity that deals with the production of goods like iron and steel industry, extraction of minerals like coal mining industry and the provision of services like tourism industry. .”
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