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). In the end, if the information provided justifies a reconsideration of value, then revise the appraisal report accordingly.
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. Does this seem healthy to you?
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Realtor
APRIL 14, 2025
Getty Images Once you decide to put your home on the market , an appraisal is essential. An appraisal can help determine your home’s market value and ensure that both buyers and lenders dont overpay. Submit a Reconsideration of Value (ROV) request to the lender: Youll likely have to do this through the buyer.
Housing Wire
JANUARY 3, 2023
When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other. When value is not achievable in the opinion of the appraiser — both Tidewater and Reconsideration of Value allow more protective flexibility for the borrower than any other loan type.
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?
Birmingham Appraisal
JUNE 13, 2023
This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.
Birmingham Appraisal
MARCH 26, 2025
Appraisers prioritize: Arms length transactions Sales between unrelated parties at market value. Excluding distress sales Foreclosures, short sales, and estate sales often dont reflect true market value. Private or Off-Market Sales They can be used, however, the terms of sale should be verified.
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