Housing Wire
SEPTEMBER 19, 2023
This will help you set a realistic price and manage your sellers’ expectations. Appraisals guide negotiations An appraisal can guide negotiations if it comes back higher or lower than the sale price. For appraisals that are low, a seller may want to get a second appraisal.
Realtor
SEPTEMBER 19, 2023
Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. First, a home appraiser will pull comparable listings (called “comps”) from the nearby area.
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Raleigh Realty
FEBRUARY 19, 2022
Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller.
Housing Wire
AUGUST 28, 2023
These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. Meanwhile, 39% said they had challenges finding sellers.
Cleveland Appraisal Blog
JULY 20, 2022
Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.
Housing Wire
JUNE 11, 2021
You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.
AmeriMac
MARCH 25, 2021
No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. Seeking an insightful appraisal?
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