On two separate occasions within the last several weeks I have ran across instances where real estate professionals have made the statement that the value appraisers come up with is just the average of sales. Have you heard this, or is this what you think? This could not be further from the truth, so I […]
Alabaster, AL- Most popular price range for buyers
September 18, 2012 By Leave a Comment
Have you ever been curious about what price range is the most popular to buy in? While doing research for an assignment in Alabaster, AL recently I plotted out some sales data and this is the graph I came up with. The price range with the largest number of sales was $125,000-$149,999, where there were […]
Is it a sale or is it a comparable?
September 13, 2012 By Leave a Comment
You may ask “what is the difference?” A sale is a comparable (comp), right? Wrong! A comp is a sale, but a sale is not always a comp. Does this sound confusing? If so, stay with me and I will try to explain the difference between the two. I hope I can give you better […]
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 […]
Know Thy Market- The Importance of Geographic Competence in Appraising Real Estate
September 3, 2012 By 7 Comments
Geographic competence in appraising has become a hot topic over the last couple of years. It refers to an appraisers knowledge of a market and his/her ability to produce an accurate and reliable report. One way to measure this is by looking at someones experience of working in an area. Take a look below at […]
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