Birmingham Appraisal
JUNE 13, 2023
Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. You can also explain why some sales are not comparable, such as different market conditions, motivations, or concessions.
McKissock
NOVEMBER 16, 2021
With rapid price growth and price bidding wars in hot real estate markets, an increase in appraisal appeal requests is likely. To help you out, we’ve put together some practical information to strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value (ROV).
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Portland Appraisal Blog
APRIL 14, 2019
All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? That’s not the case here.
Cleveland Appraisal Blog
MARCH 30, 2021
This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.
Birmingham Appraisal
FEBRUARY 20, 2024
While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did. One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy.
Housing Wire
JANUARY 3, 2023
I do believe there are issues in rural markets that lead to lengthy delays that are difficult for homebuyers in a normal functioning market, but what about the burden of proof? However, in several rural markets there is failure to meet this standard as appraisers may not even accept the order for weeks.
Birmingham Appraisal
SEPTEMBER 15, 2022
Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. There is always the possibility that the appraisal value is less than the contract price. Appraisal vs Home Inspection.
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