Appraisal Today
MAY 10, 2024
ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.
Kairos Appraisal Services
FEBRUARY 1, 2023
The cooling housing market is forecast to continue in 2023, and buyers and sellers are proceeding with caution. The good news is that a reconsideration… The post What Is a Reconsideration of Value for an Appraisal Report?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
AUGUST 11, 2020
Most AMCs offer a process called a Reconsideration of Value Request, or ROV, that when properly presented, encourages the appraiser to review the work based on additional appropriate data submitted. However, if sellers are willing to take the time to do repairs, the appraisal can be conditioned and brought back up. “If
Riverfront Appraisals
JULY 29, 2021
So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.
Housing Wire
APRIL 6, 2021
Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. The house, in the Nashville area, was listed at $405,000.
Birmingham Appraisal
JUNE 13, 2023
As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such. However, as an appraiser, I have to look beyond the offers and consider other factors that affect market value, such as supply and demand, market trends, buyer preferences, financing conditions, etc.
DataMaster
JUNE 2, 2023
Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We all know home buying is a complicated process, and we all have the same end goal: getting the buyer in their home. At the most basic level, try to speak to the client as you would if you were face to face.
Expert insights. Personalized for you.
69 
Let's personalize your content