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Now I know what you might be thinking, appraisers don’t accept this kind of information in fear of being influenced. Let me clear up a misconception, you can provide information to the appraiser. We are required to analyze the contract and where do you think contract analysis begins? Why was this offer selected?
Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence propertyappraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.
When it does go under contract and the lender orders the appraisal it will probably appraise for below contract price. In looking at this from another perspective, appraisers also need to communicate with agents about a listing of theirs that we may be using in another appraisal.
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