Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. Does this seem healthy to you?

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme. What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Birmingham Appraisal

FEBRUARY 20, 2024

One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. Like an appraisal, it is important that the CMA reflects the latest and most accurate market data.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89