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Sellers Should Dispute Low Appraisals on Their Homes

Realtor

No one wants to overpay for something that will continue to have a higher cost over the years,” explains Omer Reiner , real estate agent and president at Florida Cash Home Buyers LLC. Keep in mind that appraisers are licensed professionals that the lender hires, rather than the seller or buyer.

Sellers 78
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The appraisal gap is complicating deals across the country

Housing Wire

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. 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.

Appraisal 540
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How to Respond to a Reconsideration of Value Request

McKissock

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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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

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. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price.

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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Birmingham Appraisal

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. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 95
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Appraisal Comparable Guidelines: A Cheat Sheet for Agents

Birmingham Appraisal

Pricing a listing correctly is one of the most critical skills a real estate agent can develop. List it too low, and the seller may leave money on the table. Was there an off-market deal or seller concessions? If prices are rising quickly, older comps may be lower than current values. What Makes a Good Comp?

Agents 58