Verifying Comps Is Critical For Accurate Pricing The real estate market is red hot. It’s not just in the Birmingham area but all across the country. Low-interest rates and limited inventory have contributed to increasing prices fueled by multiple offers on houses that are often over the list price. The question is how do we […]
How Many Comps Are Required In An Appraisal?
August 30, 2018 By 3 Comments
What Are Comps? As you may or may not know comps are short for “comparables“. Sales comparables are recently sold, listed, or contracted properties that would be a good substitute for the subject property being appraised. Comps are used in the sales comparison approach to value. This approach is one of three that is traditionally […]
How agents can sell their listing to the appraiser
July 12, 2018 By 10 Comments
Do Agents Have to Sell Twice? I hear agents say that they have to sell their listings twice. The first time it is to a potential buyer of the property and the second time it’s to the appraiser. Today I’m going to share with you how agents can sell their listing to the appraiser so that […]
10 Appraisal mistakes new agents make and how to avoid them
July 6, 2017 By 11 Comments
Common appraisal mistakes new agents make Are you a new real estate agent? Are you unsure about the appraisal process? If you answered yes to these questions then this post is for you. There are numerous potential appraisal mistakes new agents make but by becoming familiar with the items discussed here you can reduce the […]
4 Things an agent should do before they offer comps to the appraiser
March 29, 2016 By 8 Comments
Do you ever offer comps to the appraiser? Are you a real estate agent, and do you ever offer comps to the appraiser? If so then keep reading, because knowing how to present this information to the appraiser can increase the chances they’ll take you more seriously. Knowing what parameters to look for in a […]
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