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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

Below is a chart from the National Association of REALTORS article on home buyer regret. They are trained to catch things that most people might miss. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. What about paying more than market value due to being in a bidding war?

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

Appraisal 314
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That Zestimate is NOT Accurate

Lamacchia Realty

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. Zillow doesn’t have the ability to reason like a REALTOR® does.

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Divorce and Selling a Home: What You Should Know

Lamacchia Realty

Regardless of whether this is happening before or after the divorce is final, the first step is to hire a professional REALTOR ® who is preferably well versed in navigating the complexities of a home sale during a divorce. If one party has a long-standing relationship with an agent, the other party may feel that favoritism is at play.

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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

An accurate appraisal can help: A buyer to avoid overpaying for a property A seller to ensure they get a good price for their property A lender to avoid lending more than the property's fair market value Property buyers, sellers, and lenders enjoy these benefits if they work with the right appraiser.

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Help your Borrowers Navigate Recent Home Appraisal Trends

Genworth MI Blog

On the other hand, they’re important for buyers because they may identify physical concerns that either require more qualified inspections or repair and confirm that they are paying the fair market value. In order to help your borrowers navigate the market and the homebuying process, preparedness and proactivity are key!

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible. Related posts: The Pitfalls of Outlier Sales in Pricing a Listing What is bracketing and why should Realtors do it?

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