There are ways to mitigate a
low appraisal problem; they key is working with a lender that knows how to do it.
Because a buyer's agent routinely analyzes market data to promote the best interests of the buyer, as a buyer without an agent, you must research comparable sales to avoid overpaying or running
into appraisal problems.
Overcome appraisal problems on listings: Linda Rike and Ed Daughety work to overcome appraisal issues and maintain their production during the winter months.
A year ago, in July 2015, when home prices rose 6.9 percent — more than they did this year —
appraisal problems accounted for only 23 percent of delays and 15 percent of terminations.
We ran into
an appraisal problem w....
• Certified CVR Specialist with vast knowledge of valuation of numerous properties, development of appraisal contracts, and providing resolution to
appraisal problems.
Certified CVR Specialist with vast knowledge of valuation of numerous properties, development of appraisal contracts, and provide resolution to
appraisal problems.
Course attendees, representing a geographic cross section from California to Delaware and Minnesota to Texas, identified similar conditions — low inventory, bidding wars, flat income,
appraisal problems — impeding the development of affordable housing for working families across their markets.
Existing - home sales increased in August, even with ongoing tight credit and
appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of Realtors ®.
Despite continuing tight lending rules,
appraisal problems, and even Hurricane Irene, existing - home sales improved in August, only to fall off in September.
Appraisal requires an open mind for to
each appraisal problem; a reasonableness about values; a clear understanding of the definition of «Market Value» which is what a buyer and seller create, NOT created by a Broker / or Appraiser.
If you are buying or selling a home and run into
an appraisal problem this article is a must read!
Have they had
an appraisal problem with another buyer?
A major cause for concern is
appraisal problems; overpricing can lead to loan rejections and lost time.
Among the 32 percent of contracts that had a delayed settlement financing in July but were eventually settled,
appraisal problems were responsible for 27 percent of delays.