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 […]
Bluff Park-Hoover, AL Real Estate Market Report-February 2015
February 19, 2015 By 2 Comments
Bluff Park-Hoover, AL Real Estate Market Report-February 2015 I recently completed an appraisal assignment in the Bluff Park area of Hoover, AL and thought I would share with you some house sales stats that I found. In case you are not familiar with Bluff Park, it is an area of Hoover between Hwy. 31 and […]
What is bracketing and why should Realtors do it?
September 10, 2012 By 23 Comments
I spoke recently at a local Realtor group about how Realtors could “think like an appraiser”. By being on the same page as the appraiser I believe that there will be fewer value issues on the back end of the sales transaction. By following similar methods as appraisers to arrive at their list prices, Realtors […]
10 reasons NOT to get a pre-listing appraisal
February 8, 2012 By 15 Comments
1. It costs too much money- Really? If you think about the fact that by pricing the home correctly you could cut the marketing time down and reduce marketing costs, this becomes a no brainer. In addition, the modest cost would probably not exceed future price reductions that you may need because it was priced […]
Seller Tips: Picking The Right Comps To Help Narrow The Gap Between List Price and Sale Price
December 19, 2011 By 7 Comments
After looking over a weeks worth of real estate sales data I have found a trend in some market areas. That trend is the increasing gap between what a house was initially listed at and the final sales price. This is one of the statistics appraiser’s look at, and this week in one area I […]
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