July 1, 2009

"Bracketing," explained

The Goldilocks Approach to Appraisals Just like Goldilocks preferred the porridge that was neither too hot nor too cold, appraisers like to see a home that prices in the middle of its peer group. In appraiser lingo, such a home is said to “bracket.” In plain English, that means it’s priced more than a slightly...
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