Options for buyers and sellers when the house doesn’t appraise for the contract price Appraisers are often times accused of “killing” deals due to low appraisals. This could not be further from the truth because this would infer that appraisers can arbitrarily assign values to a property. Appraisers are often asked how much value they gave […]
Why appraisers can’t use custom built homes as comps
September 29, 2015 By 18 Comments
Why appraisers can’t use custom built homes as comps During an appraisal assignment this week I was asked a question that I thought I would share with you today. The appraisal assignment was for a new construction home, and I was looking for comparables to use. I ran across a new home that had recently […]
Real estate agents just don’t get it, and how appraisers can do something about it
September 22, 2015 By 8 Comments
Real estate agents just don’t get it, and how appraisers can do something about it A complaint I often hear among my real estate appraiser friends is that real estate agents just don’t get it. The “it” has to do with understanding appraisers and appraising, including common issues like what makes a sale a comp […]
Why backup contracts are important in appraising
September 17, 2015 By 4 Comments
Why backup contracts are important in appraising I recently spoke at a local Birmingham, AL real estate office to a group of agents to help them understand appraisals better. One topic that came up was back up contracts. They did not know that this information could, and should, be provided to real estate appraisers. I […]
A helpful form for agents and sellers to provide to appraisers
September 14, 2015 By 8 Comments
A helpful form for agents and sellers to provide to appraisers If you’d like to be able to assist your appraiser in doing their job better, then the information I provide here is for you. With the implementation of the Uniform Appraisal Dataset (UAD) in recent years appraisers are responsible for including specific information pertaining […]
Let’s Connect