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Ambassador
1,526,024
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

justify selling price

Apr 19, 2017 08:23 PM
Ambassador
1,886,490
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Homeowners? To set the sales price, primarily.

Apr 19, 2017 08:24 PM
Rainmaker
3,614,828
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

If they have an appraisal BEFORE they list, they may be of great help to verify the figures to be given by the agents who will be called in....

other than that, the appraisal is done for the bank to make sure the property is worth the sale price on the agreement.... the bank doesn't want to own it in the future!!

Apr 20, 2017 09:10 AM
Rainmaker
846,102
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They don't.  They help banks.

Apr 20, 2017 09:09 AM
Rainmaker
487,710
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise, Meridian, Ada/Canyon/Gem/Boise Counties

They help buyers get a mortgage so the homeowner can sell their home.  Or they help the homeowner know value to refinance.  Or they help the homeowner to show value to drop mortgage insurance.  Or they help a homeowner price their home for sale.  Or they help the homeowner to show value to get a home equity line on their home.  -Kasey

Apr 20, 2017 07:30 AM
Rainmaker
1,144,154
Marc Swartz, CPA, CA, Real Estate Broker
Royal LePage Vision Realty, Brokerage, Direct: (416) 737-9800, Office: (416) 321-2228 - Toronto, ON
Toronto, Durham & York Regions, Ontario, Canada

It depends on the situation.

Apr 20, 2017 07:26 AM
Rainmaker
2,100,254
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

They help the lender control their risk & downside plus reel sellers in

Apr 20, 2017 07:06 AM
Rainmaker
1,478,090
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

They can defend a Seller's Asking Price

Apr 20, 2017 06:55 AM
Rainmaker
1,214,949
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Appraisals don't help homeowners other than establishing a price in which the lender will give a mortgage to a buyer.

Apr 20, 2017 06:36 AM
Rainmaker
3,578,225
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They don't really help or hurt homeowners, but are a way to establish a market value.

Apr 20, 2017 06:12 AM
Rainmaker
537,431
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Identifies obstacles that may lay ahead.

The biggie is make sure the bank is not the 'sold price' negotiator.

Apr 20, 2017 05:51 AM
Rainmaker
2,089,833
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

At least you know the true value of your biggest asset.

 

Apr 20, 2017 05:50 AM
Rainmaker
2,226,649
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Harry F. D'Elia nailed this one!

Apr 20, 2017 04:23 AM
Rainmaker
1,779,741
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

They might help justify an asking price.

Apr 20, 2017 04:18 AM
Rainmaker
3,420,737
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

depends

Apr 20, 2017 03:42 AM
Ambassador
3,283,063
Praful Thakkar
eXp Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

To secure mortgage. Most of the buyers do borrow money from lenders.

Apr 19, 2017 10:41 PM
Rainmaker
220,326
Melissa Jackson
United Country Real Estate FW - Fort Worth, TX
REALTOR® Matching Buyers & Sellers

All the answers I planned to offer have been stated. 

Apr 19, 2017 09:45 PM
Rainmaker
3,083,251
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

You have great answers here.

Apr 19, 2017 09:42 PM
Ambassador
2,765,063
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

Indicate that there is enough value to justify the loan.

Apr 19, 2017 09:38 PM
Rainmaker
2,058,741
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

An interesting question.

Apr 19, 2017 08:55 PM
Ambassador
3,009,899
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

In some ways it helps keep a buyer from overpaying if the contract is written with an appraisal contingency.

Apr 19, 2017 07:34 PM
Ambassador
1,001,273
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It's a part of an important process.

Apr 19, 2017 06:09 PM
Rainmaker
695,499
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It used to be the home sellers justify the price based on appraisal often more than one.

These days the sellers have unrealistic expectation sky is the entry point.

They think they contral the price. 

Apr 19, 2017 05:56 PM
Rainmaker
2,296,806
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Refinancing is one way. Otherwise, they are used as a lending tool. 

Apr 19, 2017 05:51 PM
Ambassador
1,678,084
Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

 No.

Apr 19, 2017 05:23 PM
Rainmaker
581,736
Thomas J. Nelson, Realtor, CRS
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

Values.

Apr 19, 2017 05:15 PM
Rainmaker
2,181,390
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

For a seller it tells you what the property is worth to sell it at or near. For buyers, it insures you are not paying over market value. For banks, they want loan more than the home is worth. 

Apr 19, 2017 05:07 PM
Rainmaker
3,881,791
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Hopefully, they provide accurate evaluations.

Apr 19, 2017 05:05 PM
Rainer
136,610
Caroline Gerardo
Eagle Home Mortgage, LENNAR HOMES Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady

Demonstrates what other similar houses have sold for in last 90 days. Is not a guarantee or promise. A market opinion

Apr 19, 2017 04:42 PM
Rainmaker
2,093,526
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Verifies loan amount request! Then again...

Apr 19, 2017 04:19 PM
Rainmaker
3,061,945
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Shows true value

Apr 19, 2017 04:05 PM