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Ambassador
1,616,354
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

justify selling price

Apr 19, 2017 08:23 PM
Ambassador
4,205,328
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Homeowners? To set the sales price, primarily.

Apr 19, 2017 08:24 PM
Rainmaker
5,571,411
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

If they have an appraisal BEFORE they list, they may be of great help to verify the figures to be given by the agents who will be called in....

other than that, the appraisal is done for the bank to make sure the property is worth the sale price on the agreement.... the bank doesn't want to own it in the future!!

Apr 20, 2017 09:10 AM
Rainmaker
1,381,523
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They don't.  They help banks.

Apr 20, 2017 09:09 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

They help buyers get a mortgage so the homeowner can sell their home.  Or they help the homeowner know value to refinance.  Or they help the homeowner to show value to drop mortgage insurance.  Or they help a homeowner price their home for sale.  Or they help the homeowner to show value to get a home equity line on their home.  -Kasey

Apr 20, 2017 07:30 AM
Rainmaker
1,157,485
FN LN
Toronto, ON

It depends on the situation.

Apr 20, 2017 07:26 AM
Rainmaker
2,635,327
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

They help the lender control their risk & downside plus reel sellers in

Apr 20, 2017 07:06 AM
Rainmaker
2,020,450
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

They can defend a Seller's Asking Price

Apr 20, 2017 06:55 AM
Rainmaker
1,457,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Appraisals don't help homeowners other than establishing a price in which the lender will give a mortgage to a buyer.

Apr 20, 2017 06:36 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

They don't really help or hurt homeowners, but are a way to establish a market value.

Apr 20, 2017 06:12 AM
Rainmaker
883,297
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Identifies obstacles that may lay ahead.

The biggie is make sure the bank is not the 'sold price' negotiator.

Apr 20, 2017 05:51 AM
Rainmaker
3,977,263
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

At least you know the true value of your biggest asset.

 

Apr 20, 2017 05:50 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Harry F. D'Elia nailed this one!

Apr 20, 2017 04:23 AM
Rainmaker
4,064,893
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

They might help justify an asking price.

Apr 20, 2017 04:18 AM
Rainmaker
4,433,683
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

depends

Apr 20, 2017 03:42 AM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

To secure mortgage. Most of the buyers do borrow money from lenders.

Apr 19, 2017 10:41 PM
Rainer
318,813
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

All the answers I planned to offer have been stated. 

Apr 19, 2017 09:45 PM
Rainmaker
5,535,254
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You have great answers here.

Apr 19, 2017 09:42 PM
Ambassador
5,366,509
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Indicate that there is enough value to justify the loan.

Apr 19, 2017 09:38 PM
Rainmaker
3,434,138
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

An interesting question.

Apr 19, 2017 08:55 PM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

In some ways it helps keep a buyer from overpaying if the contract is written with an appraisal contingency.

Apr 19, 2017 07:34 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It's a part of an important process.

Apr 19, 2017 06:09 PM
Rainmaker
1,149,509
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It used to be the home sellers justify the price based on appraisal often more than one.

These days the sellers have unrealistic expectation sky is the entry point.

They think they contral the price. 

Apr 19, 2017 05:56 PM
Ambassador
3,038,596
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Refinancing is one way. Otherwise, they are used as a lending tool. 

Apr 19, 2017 05:51 PM
Ambassador
2,564,851
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 No.

Apr 19, 2017 05:23 PM
Rainmaker
1,217,114
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Values.

Apr 19, 2017 05:15 PM
Rainmaker
3,322,852
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

For a seller it tells you what the property is worth to sell it at or near. For buyers, it insures you are not paying over market value. For banks, they want loan more than the home is worth. 

Apr 19, 2017 05:07 PM
Rainmaker
6,554,821
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Hopefully, they provide accurate evaluations.

Apr 19, 2017 05:05 PM
Rainer
314,383
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Demonstrates what other similar houses have sold for in last 90 days. Is not a guarantee or promise. A market opinion

Apr 19, 2017 04:42 PM
Rainmaker
4,167,197
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Verifies loan amount request! Then again...

Apr 19, 2017 04:19 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Shows true value

Apr 19, 2017 04:05 PM