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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. For the above reasons, it is very important for accurate valuations during the home-buying process.

Agents 89
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Why is an Appraiser Asking Me About an Old Comp?

Portland Appraisal Blog

years ago when there have been many[,] many sales in this development just in the last year?” Examples: Estate Tax : When a family member with property passes away an appraisal report with a valuation date as of the date of death is often needed. One agent said, “I thought you guys could only use comps going back 6 months.”

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What is a "Comp?"

Town & Country Residential Appraisals

Imagine home valuation in this neighborhood. This means that over the years we have received properties from real estate agents on properties where we had a question as to the rationale used to develop a contract price. They tell, “How much do sellers want,” but not the other half of the story, “how much are buyers willing to pay.”

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Some people will say that it is market value because you have a willing buyer and a willing seller. For sellers, this can be appealing, as it may justify a higher asking price. Including an exceptionally high sale in an area with mainly moderate values can give a false impression of what typical buyers and sellers can expect.