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(English) Appraisals Are Challenging in an Appreciating Market

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2 comentarios
  1. Ken Montville
    Ken Montville Dice:

    This is great advice…but even if you hammer home the fact that the appraisal may not come in at the contract price, the sellers are still shocked and confused. Most sellers think that if someone agrees to buy their house at a certain price then that’s the price.

    Even knowing that a mortgage company must agree to the price (through the appraisal) doesn’t seem to comfort the sellers.

    This problem is compounded in areas where there may not have been a lot of recent sales activity, let alone sales activity that can be used as comps.

    I have found that it’s really the individual appraiser who calls the shots. If they’re in a good mood, you’ll get a good appraisal. If not…

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