Contracts Finance Reconsideration of Value 
Cleveland Appraisal Blog
MARCH 30, 2021
Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. But they didn’t.
Appraisal Today
MAY 10, 2024
ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.
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Birmingham Appraisal
JUNE 13, 2023
However, as an appraiser, I have to look beyond the offers and consider other factors that affect market value, such as supply and demand, market trends, buyer preferences, financing conditions, etc. Multiple offers can be useful information for appraisers, but they are not conclusive evidence of market value.
Portland Appraisal Blog
APRIL 14, 2019
There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal.
Annarbor Appraisal
SEPTEMBER 6, 2020
Challenging the results of the appraisal for mortgage financing. When a sale is involved, the valuation may be lower than contracted price. Lenders offer a formal “Reconsideration of Value” (ROV) process. The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer.
Birmingham Appraisal
FEBRUARY 20, 2024
It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.
Appraisal Today
JULY 26, 2024
Appraisal Insights With Freddie Mac by Scott Reuter, Freddie Mac One of the goals at Freddie Mac is to help lead the way toward a more transparent and equitable housing finance process. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.82 percent from 6.87
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