Will Appraisals Continue to be a Challenge in 2016?

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Real Estate Agent with Keller Williams Realty - Wellington SL#3047968

First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016.   Appraisers Home Value Opinion Disparities!

 

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Topic:
Home Selling
Tags:
appraisals
property valuation
real estate trends
real estate index

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Rainmaker
825,642
David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

I think it will be for some.  Generally though, buyer/seller generally will have come together at around market value.  If that is the case, should be close, right.

Feb 03, 2016 03:09 AM #1
Rainmaker
812,870
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Winston - I just read a similar blog post about this very thing. Sounds like appraisals may not be keeping up with increasing home values in 2016, and that certainly can become an issue for any home buyer and home seller.

Feb 03, 2016 04:51 AM #2
Rainer
90,455
Val Evans
Scottsdale, AZ

I think most appraisors these days have their software pretty much dialed in.

Feb 03, 2016 05:12 AM #3
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Rainmaker
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Winston Crosbie

Winston Crosbie PA - Keller Williams Realty
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