challenging appraisals: Ideas to Avoid Appraisal Issues
- 11/26/12 01:16 PM
Appraisals continue to be a potential issue with every contract; we expect this to worsen come the spring ’13 market. What if agents and sellers calmly considered options before problems arose; took a step back to think ahead? What if instead of trying to fight a losing battle after a contract is submitted, appraisers were consulted prior to the event? What if sellers went in with something to legitimately challenge a low appraisal with? Like another appraisal? Sellers planning to list over the next few months would be very wise to consider the expected turbulence; we see a challenging market due (0 comments)
challenging appraisals: Crying About Comps? Put ALL Listings in the MLS & Help Appraisers!
- 09/28/12 07:21 AM
“I use the MLS for comps; I don’t have time to dig through public records. And who knows what the terms of those transactions were anyway”. That was told to me by an appraiser that I met at a new home that we had an offer on. I heard similar comments from other appraisers I’ve meet at my listings and appraisers that I know in the business. This is yet another reason for appraisal issues and one that I think will become more troublesome come the spring market.Did the Market Act on that Sale?A comparable sale should be one that is (2 comments)
challenging appraisals: Why Appraisers Hate Agents
- 11/21/11 07:32 PM
The reasons why appraisers hate real estate agents (many of them anyway) are both varied and lengthy; almost all have to do with agent ineptitude and ignorance of how appraisals are completed and how data – specifically comps – are selected and utilized. I’m an active certified appraiser since ’89 as well as an active broker; I see this issue from both sides. HVCC has driven most experienced appraisers out, moving in have been fee chasing appraisers concerned more with speed than quality; some blame belongs on this side of the fence. However, in 23+ years of dealing with agents, the consistent ignorance that (4 comments)
The HMT blog is written by Hank Miller of The Hank Miller Team. He is a licensed broker and certified real estate appraiser in the state of GA. Since 1989, real estate has been his full time occupation and Hank consistently ranks at the very top of Atlanta area agents in overall production. He is known as much for his attention to detail as he is for his candor.