Jordan  Ayan, Luxury Market Expert, CLHMS,Million Dollar Guild (The Lifestyle Collection)

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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Yes!  Doing that right now in fact.  One of my listings went through a VA appraisal with a former buyer, who didn't end up qualifying for the financing.  Now the price has been lowered and there is instant equity there for VA buyers.

Sep 21, 2018 05:03 PM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, and with the permission of the Seller, of course, I'll share it - it's a great marketing tool!

Sep 21, 2018 09:21 PM
Rainmaker
1,622,006
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I usually do Jordan Ayan . I even do it if it's under the City assessors asigned value because here everyone knows the assessed value is usually lower than the current market value.

Sep 21, 2018 05:56 PM
Rainmaker
470,034
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Absolutely!  It's a great selling tool.

Sep 21, 2018 09:11 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Absolutely. 

Sep 21, 2018 05:44 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I would, good place to start the bidding

Sep 21, 2018 05:40 PM
Rainmaker
3,362,459
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends. You might do it to create some "buzz" about the property. I have seen this but have never done it as it doesn't seem very effective to me.

Sep 21, 2018 05:32 PM
Rainmaker
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Yes I would, as long as the seller agreed.

Sep 21, 2018 05:11 PM
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have never met a seller who would be willing to price their house below the amount of a recent appraisal.

Sep 21, 2018 08:39 PM
Rainmaker
933,096
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, it's a disclosure that happens to lend itself to my marketing too!

 

Sep 21, 2018 06:01 PM
Rainmaker
408,887
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

If your seller wants you to make this part of your marketing, you should.  If the seller does not want this information put out to the public, you honor his/her wishes.  Personally, if a seller is willing to sell below a current appraisal, that can really help motivate a buyer to write an offer.

Sep 21, 2018 05:00 PM
Rainmaker
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Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Last appraisal was just the selling price. 

They did match.

Sep 22, 2018 09:09 AM
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Absolutely! I will highlight that fact and I reiterate in negotiations if someone brings too low an offer. 

Sep 22, 2018 04:42 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jordan,

So many good answers, and as long as the seller agreees.  A

Sep 21, 2018 09:23 PM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I would if it's OK with the seller.

Sep 21, 2018 08:36 PM
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Gary Frimann, CRS, GRI
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I would.  "Recent appraisal at $XXX"  

Sep 21, 2018 07:30 PM
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Almost all inital asking price is very reasonable. To get considered you bid up quite a lot. This is when a good realtor has an edge. Majority will raise the asking price and if you come in lower you do not get the house,

 

Sep 21, 2018 06:17 PM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It would depend upon the quality of the appraisal.

Sep 21, 2018 05:38 PM
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Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Yes.  "Priced below appraisal". Especially if it is a prominent local appraiser with a stellar reputation.   

     Suggest, get seller's written permission, since you may have to show that appraisal to potential buyers to back up your statement.

Sep 21, 2018 05:05 PM
Rainmaker
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Yes. For sure will.

Not very often we have mortgages in our area. 

Sep 22, 2018 09:32 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Not sure what your meaning is by call it out.

Sep 21, 2018 04:57 PM
Rainmaker
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Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I would, if seller is ok with it.

Sep 23, 2018 02:23 PM
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

With the seller's permission ... yes. As others have stated ... marketing! 

Sep 22, 2018 08:45 AM
Rainmaker
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Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

With the permission from the seller yes!

Sep 22, 2018 07:49 AM
Rainmaker
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Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Typically, yes.

Sep 22, 2018 07:44 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I am always assessing what should or should not be done under fiduciary

Sep 22, 2018 07:33 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Sure if the seller agrees and the appraisal is recent!

Sep 22, 2018 05:47 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Do you have to change the price for the contract to go thru? The lender normally wants to price changed on the contract or the deal is dead.

If the deal is dead, why change anything? If it's FHA - you better deal with it as it's stuck for 4 months.

Sep 22, 2018 05:02 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

if the appraisal is very recent and the seller agrees to it.... 

Sep 22, 2018 09:51 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No.  Why should I?

Sep 22, 2018 07:58 AM
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It depends, in the past there was no need to. With th erise in interest rates, offers have slowed and yes, sellers are lowering where i would speicfy instant equity

Sep 22, 2018 04:55 AM
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Romylio "Romeo" Cordoba - NSB Realtor
Adams Cameron and Co. Realtors - New Smyrna Beach, FL
Daytona Beach Real Estate Agent

Yes

Sep 22, 2018 12:06 AM
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Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

OH yes! twice!

Sep 23, 2018 04:06 AM
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jordan Ayan yes, I will share it MLS.

Sep 22, 2018 08:19 PM
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

With permission - they usually sell pretty quick

Sep 22, 2018 03:52 PM
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Jana Parisi
Adams Cameron - Ormond Beach, FL
Real estate agent serving all of Volusia County

Yes, always notate the steal the potential buyers are getting.

Sep 22, 2018 03:19 PM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sure, why not?

Sep 22, 2018 01:59 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

Sep 22, 2018 03:35 AM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I do not. 

Sep 22, 2018 07:54 PM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

You bet!

I'll throw in a free unicorn if purchased before months end.

Opinions of value do vary. And 10% below market value/ appraisal does get attention.

Sep 22, 2018 05:16 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have done this.

Sep 26, 2018 06:31 AM
Rainmaker
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Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

I have called an agent when they seemed to have made a mistake but not just because the price was lower than I would expect.

Sep 25, 2018 03:20 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I do tend to mention that there is built in equity per the appraisal on file.

Sep 23, 2018 06:59 PM