Appraisal Process Article Contracts Market Value 
Cleveland Appraisal Blog
JULY 20, 2022
An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. These will likely begin to become less common as the market cools off. But not always.
McKissock
JANUARY 31, 2023
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?” Thank you to the large number of appraisers who shared their input! ” “The definition of market value.”
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Cleveland Appraisal Blog
SEPTEMBER 3, 2021
We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. Is My Home Appraisal Confidential?
Appraisal Today
JANUARY 19, 2024
In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. In and of itself, it is not market value.
McKissock
JULY 27, 2021
Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”
Birmingham Appraisal
SEPTEMBER 15, 2022
If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. Steps in the Appraisal Process.
Simonson Real Estate
DECEMBER 6, 2022
Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.
Expert insights. Personalized for you.
397 
Let's personalize your content