Remove Document Remove Modernization Remove Reconsideration of Value Remove Sellers
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The appraisal gap is complicating deals across the country

Housing Wire

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. Sellers are surely getting greedy.”.

Appraisal 539
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Why Appraisal Workfiles Are Important

Appraisal Today

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. I’ve seen this happen. Systems fail.