Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]
Happy New Year, I Want To Help You With Your 2013 Real Estate Goals
January 3, 2013 By 2 Comments
With the new year here many of us have either set goals or will be setting them soon. One of my goals this year is to help others reach their real estate goals by helping them to understand the appraisal process better. This can be either through learning how appraisals are performed, which in turn […]
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 […]
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 […]
Let’s Connect