Remove Appraisal Process Remove Clients Remove Contracts Remove Reconsideration of Value
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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Birmingham Appraisal

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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The appraisal gap is complicating deals across the country

Housing Wire

For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The LO added that some people get gifts to cover the appraisal gap while others are borrowing from retirement or brokerage accounts they didn’t want to touch because of the tax hit.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Steps in the Appraisal Process. What If The Appraisal Is Less Than The Contract?

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Appraisers: How to Manage Your Emails

Appraisal Today

Communicating quickly with the lender is an issue with the appraisal process. Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes. In addition, the appraiser should be compensated for his/her time.

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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Excerpts: 2.