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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “That we research value, we do not assign it.” ” “The definition of market value.”

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RESPA enforcement is back — are you ready?

Housing Wire

.” Kickbacks in a shrinking market A shrinking market, defined by high mortgage rates and low inventory levels , appears to have exacerbated the existing mortgage kickbacks problem, industry pros told HousingWire. That’s because real estate agents and loan officers are in survival mode and desperate to close new business.

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What to do when your buyer wants to make a lowball property offer

Housing Wire

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value. See the difference?

Buyers 407
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28 real estate circle prospecting ideas, tips, tools & scripts

Housing Wire

The short answer: circle prospecting is a strategy for generating real estate leads within a specific geographic area or around a particular listing or sale through outreach — usually cold calling, but it can include other methods. Offering value helps build trust and a positive reputation in the community.

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What’s Your View?

Cleveland Appraisal Blog

In a real estate transaction, everyone has a different view. Real estate agents have a view of what the home should be listed for, based upon their research and experience. In the current market, those views may be light-years apart. This is the strongest seller’s market I have ever seen.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? There is a difference. For buyers, it could mean a potential bargain.

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The Power of Praise for Appraisers and Clients 3-24-23

Appraisal Today

I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. To see the listing, click here == Dos and Don’ts of Sharing Comparable Sales By: McKissock Excerpts: When real estate agents provide relevant comparable sales to appraisers, it certainly benefits both parties.

Clients 52