Construction Loan Officers Reconsideration of Value Valuation 
Birmingham Appraisal
SEPTEMBER 15, 2022
Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. in addition to taking pictures.
Cleveland Appraisal Blog
MARCH 30, 2021
When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. I had new construction sales that were very comparable. It is likely that the market data just doesn’t support the price.
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