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The appraisal gap is complicating deals across the country

Housing Wire

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. The seller decided to counter back multiple people at $445,000 + no contingencies. Sellers are surely getting greedy.”. That’s common these days.

Appraisal 539
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The Appraiser’s Perspective: Insights and Tips for Real Estate Agents

Birmingham Appraisal

This can include a copy of the listing sheet, a list of recent improvements or upgrades, a plat map or survey, a floor plan, and any other relevant documents. Appraisers have to analyze the offers and determine if they reflect the true market value or not. Do provide a packet of information about the property.

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How to Ease the Transition to Senior Living

Cleveland Appraisal Blog

This may also include the creation of a living will and power of attorney documents. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Buyers & Sellers feeling stuck in the housing market – Sacramento Appraisal Blog. Reconsideration of Value and Appraisers – APPRAISAL TODAY.

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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. The buyer loves the home and both buyer and seller feel the price is fair. In many cases even if the appraisal is just few thousand short, the underwriter will not go through with the deal or require the seller to cut the price.

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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.” My comment: The post includes the appraisals and other documents for this lawsuit and a link to others. I’ve seen this happen. Systems fail.

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Practical Tips for Working With AMCs

Appraisal Today

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. Reconsideration of value and Appraisers. To read more, including the full legal document and appraiser comments, click here.