Sentences with phrase «credible opinion of value»

She also said competent and qualified appraisers know how to use distressed sales, such as foreclosures, as comparable sales when determining a reliable, credible opinion of value.

The lender, or their agent, and the appraiser will communicate to determine the scope of work necessary to develop and communicate a credible opinion of value so that the lender's underwriters can make a decision on the security of the loan.

The exchange of relevant information - including terms of the sale, relevant comps, and home improvements - can help an appraiser develop a more credible opinion of value.

Their role is to produce a credible opinion of value which reflects the current market.

The exchange of relevant information - including construction features, details, and upgrades, as well as relevant comps - can help an appraiser develop a more credible opinion of value.

«The fact is that appraisers are undertaking the same thorough research and thoughtful analysis that they always have in order to continue producing reliable, credible opinions of value,» said Appraisal Institute President Sara W. Stephens.

Not exact matches

Borges said homeowners should consider having an independent appraisal prepared and present the appraisal report to the assessor because appraisers are third - party experts who provide credible, reliable opinions of value.