Real estate blog entries tagged with appraisals by Jonathan Dalton (Thompson's Realty)

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Home : Blogs : Jonathan Dalton : Jonathan's Phoenix Arizona Real Estate Blog : Tag "appraisals"

appraisals: An Appraisal Tale - 09/15/11 02:04 PM

This article originally appeared September 14 on All Phoenix Real Estate.com.
So what does an appraisal really mean?
Buyers usually view the appraisal as a declaration of a property’s value. Lenders view an appraisal as a benchmark for risk assessment. Real estate agents view appraisals and, more to the point, appraisers, as the bane of our existence.
Cached amidst the flowery legalistic language, disclaimers and overly long and complicated appraisal forms, the agents see what few others realize – the appraisal only is one person’s opinion of value. Nothing more. Nothing less.
It’s not even a pure opinion. Appraisers start the … (2 comments)

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Jonathan Dalton

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