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Appraisers to Brokers: Work With Us |
By Andrew King |
There are so many moving parts to track when real estate brokers come up with a listing price. All the features of the property, the comparable sales in the neighborhood and the latest market trends are just a few of the data sets that ultimately go into the equation. Sometimes prices are determined as part of a broad strategy to entice certain kinds of buyers (like the Wal-Mart-inspired $498,000 price tag) or they're designed to trigger a bidding war. Eventually, most listing prices will come down to two questions: 1. What will someone pay for the home? 2. At what valuation will the property be appraised? While the first question is obvious, the second one often can be overlooked in the crowded mix of moving parts. If not properly factored in and planned for ...
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