Remove Reconsideration of Value Remove Sellers Remove Valuation
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The appraisal gap is complicating deals across the country

Housing Wire

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. How hybrid title and valuations help increase lending efficiency. The seller decided to counter back multiple people at $445,000 + no contingencies.

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). If the error does impact on your opinion of value, acknowledge and revise your appraisal accordingly, as you want your appraisal to be credible.

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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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Editorial Advisory Board Outlook: Insights From Economist, GSEs

Appraisal Buzz

In his current role, he oversees the team responsible for creating sound servicing policies through the use of the Seller/Servicer Guide and TOBs. elementor – v3.22.0 – 26-06-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading.elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-headi

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How to Ease the Transition to Senior Living

Cleveland Appraisal Blog

Reconsideration of Value and Appraisers – APPRAISAL TODAY. Buyers & Sellers feeling stuck in the housing market – Sacramento Appraisal Blog. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Is the Sun Setting on High Prices? – DW Slater Appraisal Blog.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. The buyer loves the home and both buyer and seller feel the price is fair. In many cases even if the appraisal is just few thousand short, the underwriter will not go through with the deal or require the seller to cut the price.

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Appraisal Comparable Guidelines: A Cheat Sheet for Agents

Birmingham Appraisal

List it too low, and the seller may leave money on the table. Recency of Sales Markets can change quickly, so appraisers focus on recent sales to ensure the most accurate valuation. Was there an off-market deal or seller concessions? If prices are rising quickly, older comps may be lower than current values.

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