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June 15, 2010 at 6:22 PM #566233June 15, 2010 at 6:27 PM #566634MANmomParticipant
Appraisers should NOT know anything about any contract or price…at least honest appraisers. An appraisal is a fair market value based on SALES DATA, not on what the agent thinks the price is or what is offered. I used to be an appraiser, although we didn’t do SFR’s, we did freeway right-of-ways.
June 15, 2010 at 6:27 PM #566345MANmomParticipantAppraisers should NOT know anything about any contract or price…at least honest appraisers. An appraisal is a fair market value based on SALES DATA, not on what the agent thinks the price is or what is offered. I used to be an appraiser, although we didn’t do SFR’s, we did freeway right-of-ways.
June 15, 2010 at 6:27 PM #566238MANmomParticipantAppraisers should NOT know anything about any contract or price…at least honest appraisers. An appraisal is a fair market value based on SALES DATA, not on what the agent thinks the price is or what is offered. I used to be an appraiser, although we didn’t do SFR’s, we did freeway right-of-ways.
June 15, 2010 at 6:27 PM #565729MANmomParticipantAppraisers should NOT know anything about any contract or price…at least honest appraisers. An appraisal is a fair market value based on SALES DATA, not on what the agent thinks the price is or what is offered. I used to be an appraiser, although we didn’t do SFR’s, we did freeway right-of-ways.
June 15, 2010 at 6:27 PM #565632MANmomParticipantAppraisers should NOT know anything about any contract or price…at least honest appraisers. An appraisal is a fair market value based on SALES DATA, not on what the agent thinks the price is or what is offered. I used to be an appraiser, although we didn’t do SFR’s, we did freeway right-of-ways.
June 15, 2010 at 8:53 PM #566258sdrealtorParticipantAppraiser’s get a copy of the contract and need to know about concessions and contract terms. My feeling is the appraiser’s are not coming up with fair market valuye but rather an opinion as to whether the price can be justified by recent closed sales. While in theory it should be possible for an appraisal to come in above the purchase price they very very rarely do. The appraiser has nothing to gain by appraising above the sales price and rather can create risk/liability for themselves by doing so.
June 15, 2010 at 8:53 PM #566365sdrealtorParticipantAppraiser’s get a copy of the contract and need to know about concessions and contract terms. My feeling is the appraiser’s are not coming up with fair market valuye but rather an opinion as to whether the price can be justified by recent closed sales. While in theory it should be possible for an appraisal to come in above the purchase price they very very rarely do. The appraiser has nothing to gain by appraising above the sales price and rather can create risk/liability for themselves by doing so.
June 15, 2010 at 8:53 PM #565749sdrealtorParticipantAppraiser’s get a copy of the contract and need to know about concessions and contract terms. My feeling is the appraiser’s are not coming up with fair market valuye but rather an opinion as to whether the price can be justified by recent closed sales. While in theory it should be possible for an appraisal to come in above the purchase price they very very rarely do. The appraiser has nothing to gain by appraising above the sales price and rather can create risk/liability for themselves by doing so.
June 15, 2010 at 8:53 PM #565652sdrealtorParticipantAppraiser’s get a copy of the contract and need to know about concessions and contract terms. My feeling is the appraiser’s are not coming up with fair market valuye but rather an opinion as to whether the price can be justified by recent closed sales. While in theory it should be possible for an appraisal to come in above the purchase price they very very rarely do. The appraiser has nothing to gain by appraising above the sales price and rather can create risk/liability for themselves by doing so.
June 15, 2010 at 8:53 PM #566654sdrealtorParticipantAppraiser’s get a copy of the contract and need to know about concessions and contract terms. My feeling is the appraiser’s are not coming up with fair market valuye but rather an opinion as to whether the price can be justified by recent closed sales. While in theory it should be possible for an appraisal to come in above the purchase price they very very rarely do. The appraiser has nothing to gain by appraising above the sales price and rather can create risk/liability for themselves by doing so.
June 15, 2010 at 11:01 PM #565804recordsclerkParticipantI sold a condo that came in 5k above contract price.
June 15, 2010 at 11:01 PM #566313recordsclerkParticipantI sold a condo that came in 5k above contract price.
June 15, 2010 at 11:01 PM #566420recordsclerkParticipantI sold a condo that came in 5k above contract price.
June 15, 2010 at 11:01 PM #565706recordsclerkParticipantI sold a condo that came in 5k above contract price.
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