What happens when you bracket by price alone Anyone that has read my blog for any length of time will know that I encourage real estate agents to bracket comps when arriving at a list price to sell. The practice of bracketing more closely resembles what real estate appraisers do and helps to prevent deals […]
Are you a cross your fingers type of listing agent when it comes to appraisals?
February 2, 2016 By 13 Comments
Do you cross your fingers in hopes that the appraisal doesn’t come in low? If you’re a listing agent, and the title of this blog describes the way you prepare for real estate appraisals on your listings, then you’ve come to the right place. Many agents believe that they have no control in the appraisal […]
How long is my appraisal good for?
January 21, 2016 By 6 Comments
Appraiser question of the day: How long is my appraisal good for? One question I was asked recently, and which I hear often is “How long is my appraisal good for? What the person really wants to know is how old does the appraisal have to be before a lender will not accept it or for […]
How is your home price perception?
January 19, 2016 By 6 Comments
Is your home price perception realistic? Are you familiar with what home price perception is? It is the value you perceive your home to be compared to its actual value as determined by a professional appraiser. Quicken Loans, which is the nation’s second largest retail mortgage lender, keeps up with the home price perception index by […]
Should I show buyers my prelisting appraisal?
January 12, 2016 By 13 Comments
Do buyers need to see my prelisting appraisal? I was doing a prelisting appraisal for a client this week and she asked me an interesting question I want to share with you. She wanted to know if she should show the report to buyers looking at her house or if she should keep it private. […]
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