Clients Contracts Reconsideration of Value Sellers 
Housing Wire
APRIL 6, 2021
Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. million,” he added.
Birmingham Appraisal
JUNE 13, 2023
I believe that appraisers and agents have a common goal: to help their clients buy or sell a home. Multiple offers do not guarantee that the property will appraise for the contract price Even if the seller accepts the highest offer, there is no guarantee that it will be supported by the market.
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Birmingham Appraisal
FEBRUARY 20, 2024
On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.
Portland Appraisal Blog
APRIL 14, 2019
You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What is a Reconsideration of Value?
Appraisal Today
NOVEMBER 4, 2022
Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate.
Birmingham Appraisal
SEPTEMBER 15, 2022
Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Other users might be sellers, mortgage underwriting, banks, and contractors.
Cleveland Appraisal Blog
MARCH 30, 2021
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. They just look at the number. .
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