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Top Ways to Defend Your Work When the Appraised Value Comes in Under Sales Price

McKissock

This year we’ve seen intense homebuyer competition nationwide, with a record-breaking number of homes selling above asking price in March 2021. As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. ” Here’s what they said.

Appraisal 109
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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

I don’t know the details of the sale, however, it made me wonder about how good of a sales comparable this would be if it was used as a comp when pricing another home. On the other hand, the value that is reflected in most appraisals is a value that reflects what the majority of other market participants are willing to pay.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.