Realtors Reconsideration of Value Valuation 
Annarbor Appraisal
SEPTEMBER 6, 2020
The appraisal is for their benefit, but at the same time, the appraiser needs to complete a fair and supportable valuation. There should never be any bias in favor of any party, or value. When a sale is involved, the valuation may be lower than contracted price. Lenders offer a formal “Reconsideration of Value” (ROV) process.
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. For the above reasons, it is very important for accurate valuations during the home-buying process.
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Housing Wire
MAY 1, 2024
Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.
Birmingham Appraisal
MARCH 26, 2025
Recency of Sales Markets can change quickly, so appraisers focus on recent sales to ensure the most accurate valuation. When this happens you will need to go through the lender and complete a reconsideration of value (ROV). The best comps: Have sold within the last 90 to 180 days (preferably within three months if possible).
Appraisal Today
APRIL 7, 2023
I would say about 90% of the voicemails that I receive are from an irate homeowner worried about a rate lock or a stressed out realtor wondering if they are going to close on time. Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes.
Appraisal Today
NOVEMBER 4, 2022
Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Reconsideration of value and Appraisers. This process is often referred to as a “reconsideration of value” or “ROV.”
Housing Wire
APRIL 2, 2025
When a home is under-appraised, not only do homeowners miss out on the higher home valuation but so does the entire community (roads, bridges, fire departments, water and sewage systems, trash collection, street lighting, disaster relief, EMS, parks, schools, real estate agents, lenders, etc.).
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