Lending Reconsideration of Value Sellers 
Housing Wire
APRIL 6, 2021
Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price. How hybrid title and valuations help increase lending efficiency. The seller decided to counter back multiple people at $445,000 + no contingencies.
McKissock
NOVEMBER 16, 2021
To help you out, we’ve put together some practical information to strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value (ROV). There are appraisal terms and concepts that even individuals in the lending industry sometimes have a difficult time understanding.
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Cleveland Appraisal Blog
MARCH 30, 2021
When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. I’m grateful that nearly half of my work these days is not for lending purposes. They just look at the number. .
Birmingham Appraisal
JUNE 13, 2023
Appraisers have to analyze the offers and determine if they reflect the true market value or not. Multiple offers do not guarantee that the property will appraise for the contract price Even if the seller accepts the highest offer, there is no guarantee that it will be supported by the market.
Birmingham Appraisal
SEPTEMBER 15, 2022
A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. What is a Mortgage Appraisal?
Birmingham Appraisal
FEBRUARY 20, 2024
The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it. While the agent acts on behalf of their seller, it is important for their pricing strategy to also be based on the most up-to-date and accurate market data.
Portland Appraisal Blog
APRIL 14, 2019
You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. The buyer loves the home and both buyer and seller feel the price is fair. What just happened?
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