DON'T BLAME THE APPRAISER FOR PROPERTY NOT COMPING OUT... It is not always their fault

This could be a new agent who doesn't understand that pricing a property above what it is most definitely going to appraise for is a waste of time.  Oh, well.

Valerie, that was a huge difference like you said, especially for a Condo.  That Appraiser must not have taken "Living Style" into consideration ........... LOL

The listing agent is spinning her wheels as well as everyone else's! Some agents just have a hard time delivering the hard truth to their sellers. They either get lucky because the seller is so desperate to sell that they talk the agent into a price reduction, or the agent waits it out, loses the listing, and someone who knows how to say the hard stuff actually educates the seller!

Or, like George said - maybe the appraiser forgot about the "lifestyle" adjustment! Yikes!

Valerie: Some people need extraordinary occurrences to be convinced sometimes.

Val, I had one come in at over 23K less this year...yes,that is a great idea for CE...have a wonderful holiday!

Valerie, I have, within the last several months, been called in to refute the findings of an appraiser with pictures and verbage.  We have had a rash around here of homes that should have been given the green light, but were held up due to items that were in the inspection.

When the appraiser disagrees with me on the condition of a roof (or anything else), I go to bat for my findings.  I have had 3 in the past 2 months do just that.  The client calls me and says something like "you said the roof was okay".  Then I start researching and maybe even make a second trip (I could have been blind that day).  This is the first year in 15 that I have ever had an appraiser question my findings.  So, at least here, I would say that there is a "maybe" different focus for appraisers these days.  I even had one climb into an attic with me to prove my point, that was a special day.

Excellent post Valerie;  I hope it works out for you.  Sounds like it didn't.

$17,000 is a lot of money to be apart, especially in the price point. I could understand $15,000 for some of the high end, price price condos that we have in the Danbury area selling in the high $300,000s to $500,000s. Good luck with the seller trying to find a buyer that wants & allowed by their bank to pay more than 10% over market value.

Valerie, I don't know why it happens, but it does. I am pretty good at price, I, like you, usually come in about the same as the appraiser. I have only had one listing that didn't appraise, it was a condo, years ago. The appraisal was $1,0000 lower than my price. Buyer bought it anyway, but times were different.

I was on caravan this week, we all thought one of the homes on was more than 100,000 overpriced. And it was an agent I would never have expected it from. It can be tough to be competing against prices given that are way off the mark for listings. I know for a fact there are companies out there who want the listings at any price. We all know that. And there are agents who have that attitude firmly entrenched in their mindset. 

Of course, then there are those who know nothing about short sales.

To put it back on at the same price? Now that is pure stupidity.