Pricing properties for market is always challenging.  There are so many components to determining at what price point a house may sell.  The usual elements such as size, age and neighborhood are definitely a consideration, alongside the more ethereal factors such as view, style and cosmetics.  Realtors utilize the RMLS web site (Realtor’s Multiple Listing Service) to view, compile and compare data on presently active listings, pending sales and recent sold properties. At present it is very difficult to compare due to one particularly overlooked element of full disclosure in our results and that is “seller paid concessions”!  These allowances can be in the form of loan points purchased by the seller to lower the buyer’s loan interest rate, a buyer’s closing costs paid by the seller, etc.  In a marketplace where pricing is already made more difficult due to a lower number of usable comparable “solds”, there should be more transparency in the amount of financing concessions.  Our local RMLS should consider a category for seller paid monies.  This would benefit sellers, buyers, appraisers AND Realtors!

About the Author | Janeese Jackson

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My job is service...service to you and your real estate transactions! How can you benefit from my 20 years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!