Tag Archive for: market value

How Much Power Do Appraisers Have Over Market Values? Holy Rate Volatility, Batman!

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Boing, Boing, Boing, Boing The above subheading is the sound of interest rates bouncing up and down, and today they are way up. This is exactly the type of volatility […]Read More

No Appraisals For Loans Under $400,000; “New Home Premium;” Appraised Value’s Not Market Value

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I want to share a few more interesting comments about appraisals today. On Wednesday I blogged about how appraisers can’t ignore comps that don’t support value. The agents wanted us […]Read More

When “Appraised” Value Is NOT Market Value

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Because the market is heating up again, we have had several appraisal issues recently where there were simply no comparable sales available to support the contract price (despite multiple offers […]Read More

Appraised Value Often Does Not Equal Market Value

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I share this story often during our Mortgage 101 Seminars. We once had a transaction in Berkeley involving a property that was listed for $850,000, and there were more than […]Read More

Paying More Than Appraised Value? Why? Appraisal Not Market Value

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Several realtors have asked why borrowers are willing to pay over appraised value. There are several reasons that we have observed: (1) the buyer is a 27 year old social […]Read More

Appraised Value Often Not Market Value; Happy Thanksgiving!

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This is a reminder that appraised values often do not reflect market values. Appraisers are trained to make a concerted effort to correlate to contract price whenever there is a […]Read More

Why Appraisals Do NOT Reflect Market Values In Hot Markets

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Appraised Values often do not reflect market values. We address this often b/c there is so much confusion about this in the overheated California housing markets. The reason is that […]Read More