This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
It may be that many of the loan originators and realestateagents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. When it comes to establishing marketvalue, I think the VA appraisal at present determines this as well as any other.
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). No matter how meticulous you are or how good your appraisal reports are, inevitably, you’ll receive complaints about some of your appraisals.
Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the marketvalue 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. Does this seem healthy to you?
Appraisal Tips For RealEstateAgents As a realestate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the realestatemarket. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.
You’re a realestateagent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.
Pricing a listing correctly is one of the most critical skills a realestateagent can develop. List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. Appraisers prioritize: Arms length transactions Sales between unrelated parties at marketvalue.
Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between realestateagents and appraisers can be a touchy subject. On one hand, the realestateagent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.
Banks are typically absolved from discrepancies between the amount they lend and the true marketvalue of the home meaning that they will not be held responsible to the buyer. The appraiser is given the contact information, which is usually the realestateagents involved, to schedule the appointment and gain access to the property.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content