Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.

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McKissock

NOVEMBER 16, 2021

With rapid price growth and price bidding wars in hot real estate markets, an increase in appraisal appeal requests is likely. 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).

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Housing Wire

JANUARY 3, 2023

I do believe there are issues in rural markets that lead to lengthy delays that are difficult for homebuyers in a normal functioning market, but what about the burden of proof? However, in several rural markets there is failure to meet this standard as appraisers may not even accept the order for weeks.

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Clear Capital

OCTOBER 7, 2024

We’re excited to share some important updates regarding the Reconsideration of Value (ROV) process. A Reconsideration of Value (ROV) is a request for an appraiser to review and potentially revise the appraisal based on new or additional information provided by the borrower. What is a borrower-initiated ROV?

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Reconsideration of Value Appraisal Law Valuation 36

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. You can also explain why some sales are not comparable, such as different market conditions, motivations, or concessions.

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Real Estate Agent Real Estate Agents Reconsideration of Value 87

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? That’s not the case here.

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Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.

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