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. Keep in mind that appraisers are licensed professionals that the lender hires, rather than the seller or buyer.

Sellers 78

Sellers Appraisal Reconsideration of Value Real Estate Agent 78

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). No matter how meticulous you are or how good your appraisal reports are, inevitably, you’ll receive complaints about some of your appraisals.

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Reconsideration of Value Clients Appraisal Real Estate Agent 91

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?

Housing Market 368

Housing Market Marketing Reconsideration of Value Appraisal 368

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.

Real Estate Agent 87

Real Estate Agent Real Estate Agents Reconsideration of Value 87

Birmingham Appraisal

MARCH 26, 2025

List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. List it too low, and the seller may leave money on the table. Appraisers prioritize: Arms length transactions Sales between unrelated parties at market value. Was there an off-market deal or seller concessions?

Agents 58

Agents Appraisal Reconsideration of Value Real Estate Agent 58

Birmingham Appraisal

SEPTEMBER 15, 2022

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. Other users might be sellers, mortgage underwriting, banks, and contractors. Appraisal vs Home Inspection.

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

Birmingham Appraisal

FEBRUARY 20, 2024

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. 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.

Agents 95

Agents Appraisal Real Estate Agent Bracketing 95