2,178,603
The value varies by perspective:
-
Tammy Lankford,
Eatonton, GA
-
Jimmy Moore
Denton, TX
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
-
Peter Testa
Danbury, CT
-
Pete Xavier
Pacific Palisades, CA
-
Susie Kay
Plano, TX
-
Bob Crane
Stevens Point, WI
-
Inna Ivchenko
Encino, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Mary Yonkers
Erie, PA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
5,104,931
I've seen significant fluctuations myself on homes that are not cookie cutter. In one case on a $460,000 sale we had four appraisals and from the low to the high there was a $50K differential.
-
Jimmy Moore
Denton, TX
-
Carol Williams
Wenatchee, WA
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Susie Kay
Plano, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Mary Yonkers
Erie, PA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
5,230,113
An appraisal is ONE persaon's opinion - and like noses, they're all different!
I had one that had 3 different appraisals - one at $725K, one at $875K and one at $950K. As I said, 3 different 'opinions!'
-
Jimmy Moore
Denton, TX
-
Carol Williams
Wenatchee, WA
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Pete Xavier
Pacific Palisades, CA
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
2,071,025
I am with Carol Williams
And buyers and sellers always should get a fair deal in transaction!
-
Jimmy Moore
Denton, TX
-
Carol Williams
Wenatchee, WA
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
3,383,334
Whatever the house sells for IS fair market value. The appraisal is a professional's opinion of the value.
-
Jimmy Moore
Denton, TX
-
Carol Williams
Wenatchee, WA
-
Doug Dawes
Topsfield, MA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Joseph Domino 480-390-...
Scottsdale, AZ
508,318
Everyone involved Buyer, Seller, Appraiser, Agent is trying to arrive at the best price. In the end if they can agree then that is the price.
-
Jimmy Moore
Denton, TX
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,231,853
Ditto, Ken Jones
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
921,504
The value of a home is exactly what a willing and able buyer and seller agree upon.
All the other stuff attached are for OTHER purposes such as financing.
IN the end the buyer paid to much and the seller sold too low. That is the objective, everyone feels pain, and that is how fair deal works.
-
Doug Dawes
Topsfield, MA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Joseph Domino 480-390-...
Scottsdale, AZ
1,311,397
I am sorry if this seems harsh. As a builder and inspector, you are not qualified to judge the value of a home.
You are, of course, entitle to your opinion. I have heard many opinions stated regarding the value of a home. Opinions of buyers and sellers often vary.
I think you are, perhaps, not aware of the role of an appraiser. First, they are individual professionals and their opinions, like opinions of doctors, can vary from person to person. Second, the role of an appraiser, in many cases, is to determine if the lender’s collateral – a house – is worth more or less the amount agreed to by the buyer and seller. If the appraiser is trying to place a value on a property for a refinance or equity withdrawal, the appraiser may place a different value on the property. If the purpose of the appraisal is to determine a value of a home at the time of the owner’s death in order to settle an estate or determine tax liability, there may be a different value placed on the property.
Appraisal is not an exact science.
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,598,452
I like Carol Williams and Annette Lawrence , Palm Harbor, FL 727-420-4041 answers and all of them.
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
4,572,183
There are many answers that should give you both additional insight as well as some possible confusion. My answer most closely aligns with the response provided by Chris Ann Cleland and Kathleen Daniels.
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
2,390,620
Obviously we should NOT see fluctuations but of course we do Jimmy Moore and it can be for a variety of reasons (honest and dishonest). How much variation do I expect? I don't ever because in my market all the appraisers are honest and accurate.
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Michael Jacobs
Pasadena, CA
911,338
I had 2 appraisals on same property that were more than $60,000.00 apart.
-
Jimmy Moore
Denton, TX
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
3,345,091
Opinions of value are what an appraisal represents.
In my market, that opinion is worthless to many buyers as buyers are willing to pay far more than the value an appraiser gives.
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
2,781,173
You can appraise all you want. In the end, market value dictates. However, try telling that to the bank who swears by the appraisal or the buyer if it comes in lower than the contract price. Real Estate is not for guppies
-
Doug Dawes
Topsfield, MA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
5,772,575
I think that Annette Lawrence , Palm Harbor, FL 727-420-4041 gave you a good answer. A
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Joseph Domino 480-390-...
Scottsdale, AZ
5,583,278
it's not an exact science.... in my area, I've seen a 3% variable in price amongst appraisals...
-
Jimmy Moore
Denton, TX
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
5,216,409
Appraisal is an opinion of value. Some are closer to reality than others.
-
Jimmy Moore
Denton, TX
-
Doug Dawes
Topsfield, MA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
3,416,038
The problem is with the system they use to hire appraisers and no longer does being good, local or experienced count. In NH we have a problem with MA appraisers coming up to NH and appraising hmes when they dont know neighborhoods, towns, cities or values.
-
Jimmy Moore
Denton, TX
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
7,836,139
Buyers seek the bargains.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
2,684,109
Not an issue with cookie-cutter subdivision houses with recent comps. It's those "unique" properties that will get different valuations.
Financing aside, it's ultimately the Buyer's call what a house is worth.
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
509,449
Yes, appraisal is an opinion of value. In other words everyone has a different opinion.
-
Jimmy Moore
Denton, TX
-
Doug Dawes
Topsfield, MA
-
Susie Kay
Plano, TX
1,196,798
Carol Williams has the right answer for this one
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
1,239,901
For tract homes like west coast. The variance is very minute. +/- 1% if that much.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
4,882,355
Appraised value vs what someone is willing to pay and what someone is willing to sell for.
-
Doug Dawes
Topsfield, MA
6,393,609
True value winds down to what people are willing to pay, of course this can be influenced by good or bad marketing and salesmanship.
-
Doug Dawes
Topsfield, MA
1,622,432
5,868,554
4,434,127
3,986,258
Appraisals are like us doing a moret.
10 different people could yield 10- answers
3,164,294
An appraisal is one man's (or woman's) opinion on one day based on comps they chose. Two days later there could be all new comps.
1,502,998
I don't see much of a difference between appraisals anymore, unless one appraiser is out of the area. As to "worth", they are always sold for what they are worth, it's just a question of will the bank lend that much, hence the appraiser. Appraisers don't determine worth, that's what the free market does.
1,197,152
Agreed but really no surprise here. People consider an appraisal a holy grail type of document. But they can be worthless. CMA by a decent professional is of greater value.
4,800,082
I really haven't seen a huge difference in appraisal values when conducted by independent professional appraisers.
758,035
For a variety of reasons I see appraisals come in at differing amounts. It's a subjective science & not everyone sees the value of the subject through the same lense.
1,712,676