Everyone Needs A Playbook

On today’s episode, we dive into the fascinating world of property value and appraisals. In order to play the game of real estate, you need to know the playbook. Part of that playbook is the Comparative Market Analysis (CMA) that real estate agents use to determine the market value of a property for buyers and sellers. We explore the limitations of appraisals, which often look at the past and may not reflect current market value, and a strategy of lowering the listing price to attract multiple offers and potentially drive up the value of a property. 

Join us on this engaging episode as we navigate the intricacies of property value and appraisals, and uncover valuable insights for both buyers and sellers in the real estate market.

Tune in to hear:

• Why the real estate playbook is important
• What is included in a Comparative Market Analysis
• The difference between appraised value and market value
• How intangibles, like view and location, affect the value of a property
• The importance for buyers to use a CMA, especially in situations with multiple offers
• Benefits of listing a property at a lower price

Connect with us:

Youtube: https://www.youtube.com/@therealestateplaybyplay
Website: https://therealestateplaybyplay.com