Remove Appraisal Remove Contracts Remove Loan Officers Remove Market Value
article thumbnail

What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243
article thumbnail

3 Types Of Appraisals Realtors Should Be Aware Of

Birmingham Appraisal

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

article thumbnail

How to spot a bad appraiser.

Town & Country Residential Appraisals

If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here. After nearly 20 years of appraising, we’ve seen some weird things.

article thumbnail

NAR Appraiser Survey July, 2023

Appraisal Today

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. To read the report, click here My comments: Read the appraiser sections in the long report. This is up sharply from 27 percent last year.

article thumbnail

The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

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.

article thumbnail

A Little Push Can’t Hurt Right? Wrong!!

The People's Appraisal Blog

In my previous blog posts titled “Round and Round” and “Pressure My Story”, I spoke to examples of how lenders and/or AMCs have been pushing and pressuring appraisers to hit certain values on transactions. They get everything set up on their end and ready to apply for the loan.