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Rainmaker
2,020,250
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

When I come across that completely impossible property to value I make the owner this offer -   Let's get an appraisal on your property and I will credit that amount back to you AT SETTLEMENT !

Take aways 1. No credit unless property sells 2. We now have a strong tool to establish and DEFEND List Price !

Mar 02, 2016 10:57 PM
Rainmaker
4,059,138
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Virtually none... I haven't had a client do this more than three times in the past 18 years and then only when the homes were sufficiently unusual and where there were no recent comps.

Mar 02, 2016 11:38 PM
Rainmaker
1,715,678
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Many sellers think the CMA and an appraisal are the same thing and we have to explain the difference.

Mar 02, 2016 11:30 PM
Rainmaker
846,260
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It's rare, maybe 1 to 2%.

Mar 02, 2016 11:18 PM
Ambassador
4,558,844
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Rarely. Haven't felt the need. Have one upcoming listing where we did get an appraisal

Mar 02, 2016 11:09 PM
Rainmaker
3,685,234
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

We've never had this, but I can see it being worthwhile for a unique property...

Mar 02, 2016 11:08 PM
Rainmaker
1,988,128
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I do it occasionally - I like the idea of crediting the seller back at closing

Mar 02, 2016 11:03 PM
Ambassador
1,371,134
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

It depends on your market.  Up here, my luxury properties are quite unique and comps are usually non-existent.  I do the same as Michael J. Perry and credit the Sellers back upon closing.

Mar 02, 2016 11:01 PM
Rainmaker
4,061,975
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I've never done it but I have heard a few agents use this technique.  

Mar 02, 2016 10:42 PM
Rainmaker
6,547,284
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Most would prefer your free CMA.

Mar 03, 2016 09:58 PM
Rainmaker
4,161,791
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Too few to mention!

Mar 03, 2016 08:43 PM
Ambassador
2,759,387
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 I have seen some deals being renegotiated because of appraisals coming in low.

Mar 03, 2016 05:16 PM
Ambassador
5,360,784
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

One of the first things we do with most of our projects is do an inventory and appraisal.

Mar 03, 2016 05:01 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Tony and Suzanne Marriott, Associate Brokers most of them are unaware of something called 'PRE-LISTING' appraisal - we need to educate them about it.

And most of them do not want to really go for it - as that number may be different than what they expect!

Mar 03, 2016 03:18 PM
Ambassador
3,034,690
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I've suggested it when the property is very unique.

Mar 03, 2016 01:42 PM
Rainmaker
71,975
Darin Henderson
Holland Realty Services - Kirksville, MO
Guiding You Home

Few to none - they think that is my job.

Mar 03, 2016 12:45 PM
Rainmaker
956,131
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

None so far.

 

Mar 03, 2016 12:02 PM
Rainmaker
441,110
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If the property is very unique or less than three supportive comps found, I highly recommend getting an appraisal. Of these, about 75% take the advise.

Mar 03, 2016 09:35 AM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Not many, maybe 1 in 50. They are not willing to pay for it and in the end an appraisal is subjective and I tell them I can do pretty much the same thing and have the experience to tell them waht the market is doing.

Mar 03, 2016 09:12 AM
Rainmaker
80,253
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

I have not needed a prelisting appraisal.  When needed I like the idea of crediting the seller at close.

Mar 03, 2016 08:42 AM
Rainmaker
1,457,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tony and Suzanne Marriott, Associate Brokers 0%. Haven't had one willing to pay for one.

Mar 03, 2016 08:27 AM
Rainmaker
581,071
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Have only done had this happen once. It was oceanfront home and did not have any comps. It came in so low, no one was happy.

Mar 03, 2016 07:26 AM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Very few

Mar 03, 2016 07:19 AM
Rainmaker
1,635,842
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

None, unless a very high-end unique home with few, if any comps readily available.

Mar 03, 2016 06:25 AM
Rainmaker
1,380,923
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Zero.  Costs money and that's the job of the listing agent. 

Mar 03, 2016 06:06 AM
Rainmaker
1,514,605
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I never had a seller who would agree for a pre listing appraisal inspection. 

Mar 03, 2016 05:31 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Very few, unfortunately.

Mar 03, 2016 04:27 AM
Rainmaker
1,105,145
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Zero percent sounds about right. They are sometimes a necessary evil that requires a hard sell to your Seller especially when the distance between valuations are vast. 

Mar 03, 2016 04:22 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Virtually none but we do prelisting appraiser measurements.

Mar 03, 2016 04:05 AM
Rainmaker
140,568
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

A small amount are.  I suggest that for expired listings that are stubborn about lowering the price.

Mar 03, 2016 02:29 AM
Rainmaker
140,495
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Passionate about helping others achieve success!

I have never had a request, but have an upcoming listing I was thinking of having one done for.

Mar 03, 2016 02:27 AM
Rainmaker
597,269
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Never. Because what do you do if that pre-listing appraisal is too low? In the due diligence section of our contract buyer agents will ask for any appraisals on the property.

Mar 03, 2016 01:37 AM
Rainmaker
5,530,406
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Tony and Suzanne,

You have some great answers, it reminds me how wonderful Active Rain is as a platform.  A

Mar 03, 2016 01:14 AM
Rainmaker
573,481
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

very rarely. Appraisals are so subjective it wouldn't match the banks appraisal anyway

Mar 03, 2016 12:31 AM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No one has agreed for it is all these years.

Mar 03, 2016 12:30 AM
Rainmaker
5,571,343
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we rarely run into that situation....truly....rare

Mar 03, 2016 12:29 AM
Rainer
43,931
Stephanie & John Webb
Latte Stone Realty LLC - Albuquerque, NM
Stephanie Webb Co-Owner, Latte Stone Realty, LLC

I have suggested it only when we have issues selling the home. $500 is what appraisers are charging here. 

Mar 03, 2016 12:11 AM
Rainmaker
1,149,309
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

"0"

Strong demand in housing. Every potential client will not believe in your cma and want an astronomical price.  Once listed they want to raise two figures % more....  Totally unrational home sellers.  

Mar 02, 2016 11:11 PM
Rainmaker
606,010
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

I've never needed it. In fact, I took over a listing from a broker that was showing buyers a two year old (pre-market correction)appraisal. Seller was furious. Agent was showing buyers an $800K appraisal report. Listed property at $749. I took over and

listed for $669 and sold it for $660K

Mar 02, 2016 10:54 PM
Rainmaker
882,857
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

None. Zero. Nada!

Then we talk strategy and the need to create logistics for Plan B. On exotic real estate, the pre-appraisal is an easy sale but never initiated by the owner.

Mar 02, 2016 10:50 PM
Rainmaker
1,280,348
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Zero. I haven't come across anyone who wants to spend the money.

Sep 23, 2016 02:31 PM