Contracts Real Estate Agent Reconsideration of Value 
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.
Birmingham Appraisal
JUNE 13, 2023
Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
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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.
Housing Wire
APRIL 6, 2021
But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. It’s made deals more challenging. I’ve seen a house listed at $1.7 million and sell for $2.03
Birmingham Appraisal
FEBRUARY 20, 2024
Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.
Annarbor Appraisal
SEPTEMBER 6, 2020
The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. When a sale is involved, the valuation may be lower than contracted price. Lenders offer a formal “Reconsideration of Value” (ROV) process. Limit the number of sales to three if possible. •
Appraisal Today
APRIL 7, 2023
Becoming a Go-to Appraiser for Realtors during a Confusing Time in the Industry Real estate agents and appraisers are taught different methods of valuation both in qualifying and continuing education as well as in the field. from0.62 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.
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