How Pending Sales Help You Price a Listing Right the First Time Have you had an appraisal come in below the contract price on a recent listing? You’re probably not the only one. When you set a list price using only closed sales, you’re looking in the rear‑view mirror. Those sales show what buyers paid […]
Must-Have Information Required for a Successful Appraisal
December 17, 2024 By 2 Comments
Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Whether you’re representing a seller or assisting a buyer, […]
Should Agents Consider Location When Pricing a Listing?
September 17, 2024 By 4 Comments
The Importance of Location in Home Pricing As real estate professionals, we all know the saying: “Location, location, location.” It’s one of the most important factors when evaluating a property’s value, yet it’s often misunderstood or overlooked during the Comparative Market Analysis (CMA) process. I thought I would take time today to explain why real […]
Why Agents Should Share Their CMA With The Appraiser
February 21, 2024 By 5 Comments
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. You might ask yourself how they […]
The Pitfalls of Outlier Sales in Pricing a Listing
September 27, 2023 By 2 Comments
Should Outlier Sales Be Used When Pricing a Listing? Pricing a listing is both an art and a science. Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. However, in the quest for accuracy and reliability, one common mistake that real estate […]
Let’s Connect