article thumbnail

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. Agents and appraisers should be choosing comparables based on the physical attributes of the property and bracketing different features of the property when possible.

Agents 86
article thumbnail

Appraising Fixer Uppers

Appraisal Today

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” Appraisers sought to bracket the subject using three comparable sales. Value acceptance is 3 out of 5 – no appraisers.

article thumbnail

6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

With so much at stake, a credible appraisal report with the appropriate comparable sales is key to determining the market value of a property and protects the investment of the parties involved in the transaction. When choosing comparable sales, bracket the location or view . Location, location, location. 1 is location, No.