Have you heard of the real estate agent appraisal happy dance? It is a real thing. When the home that you have made an offer on appraises at or even above your offer these agents are known to drop everything and dance. Then they call you and you dance too because you are closer to… Continue Reading Hey There Buyer It’s Appraisal Day Are You Ready?
The “existence of a closet” has always been the amenity Realtors reference. However, a listing agent recently had a home on the market as a 4/2/2. It was correctly assessed as a 3/2/2 at time of appraisal. And it wasn’t the closet in question in the fourth bedroom…it was the proximity of a bathroom.
Update Your Sales to Keep Comps Current Are you entering all your sales into MLS in a timely manner? If not, PLEASE make sure you do so going forward – and here’s why: Appraisers pull data from a variety of sources when researching comparable sales for their reports, and the availability of sales… Continue Reading MLS Sales Data and Appraisals