September 2024

Different Appraisal Values from Different Appraisers

Why Do Different Appraisers Value the Same Property Differently?

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Same House Same Day Different Value? One of the most perplexing aspects of real estate transactions is when two appraisers provide differing valuations for the same property. As a seasoned real estate appraiser, I’ve encountered this situation often, and it’s important to understand the underlying factors that contribute to these discrepancies. Timing Matters (Effective Date

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Mortgage Rte Lock In Effect Home Appraisals Home Values Supply and Demand

Homeowner “Lock-In” Effect

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Implications for Buyers and Market Dynamics In today’s real estate landscape, the homeowner “lock-in” effect plays a pivotal role in shaping market dynamics and influencing both current homeowners and potential buyers. This phenomenon occurs when homeowners with favorable mortgage terms, such as low interest rates, are hesitant to sell their homes, fearing that they will

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