Low Home Appraisals?

Was it a bad home appraisal? Let’s discuss Understanding Why THIS 👈🏻👈🏻 Appraisal seems so WRONG! Let’s unpack some possible reasons WHY the appraisal seemed so wrong for this homeowner! Watch this short video for details!

In our current market, homes are appreciating so fast that it’s sometimes hard for appraisers to give a solid and accurate appraisal. This can result in an appraisal that is lower than the asking price. However, one of my clients experienced a situation with an appraisal she got seemed vastly overpriced….

0:00 Introduction- a client question about an appraisal

0:30 Why did their identical house appraise for 110K more than the house next door?

1:00 The appraisal process and appraisal waivers

1:28 Possible reasons why a house may have sold for less

2:00 The power of the Market – and MLS on home prices

2:30 Was the appraiser correct on pricing?

3:00 Send in your questions

We are often asked how often do we see a low home appraisal. In this market, it can be pretty common, so when we hear of a situation where a home appraisal seems to be massively higher, there is usually an answer hidden in the details.

The market has been changing, so if you want to know what your home is worth in today’s market, we can help here.