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I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. Why was this offer selected?
Today I’m going to share my top tips for choosing comps from an appraiser’s perspective. If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced.
It’s easy to fixate on the median price, but when appraising in neighborhoods my trendlines are also showing a sharp change. As I talked about recently, I am definitely selecting the “declining” box in my appraisal reports.I to agents is one of the best ways to market your non-lender appraisal services consistently.
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Appraisal Tips 
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