Remove Bracketing Remove Legal Remove Market Value Remove Sellers
article thumbnail

The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For sellers, this can be appealing, as it may justify a higher asking price.

article thumbnail

Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme. What just happened?

article thumbnail

Appraising Fixer Uppers

Appraisal Today

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.”