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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.
When considering sales for comps it is important to bracket the square footage so that you get a more complete picture of how square footage affects the sale price of a home. Buyers are frequently drawn to specific neighborhoods for reasons such as safety, walkability, or access to public transportation.
Top Ranked Realtors: Paige Martin & The Houston Properties Team. For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. National Association of Houston Realtors Research Group: 2019 Home Buyers and Sellers Generational Trends Report.
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