Owners, Appraisers More Eye-to-Eye on Prices

Owners, Appraisers More Eye-to-Eye on Prices

Source: http://realtormag.realtor.org/daily-news/2017/10/11/owners-appraisers-more-eye-eye-prices?tp=i-H43-Bb-qw-tgct-1p-ClFp-1c-tkYU-1Ss5hK&om_rid=13271899%20&Om_ntype=RMOdaily&om_mid=3282

For the fourth consecutive month, the gap between homeowner and appraiser opinions on property values narrowed. Still, homeowners tend to believe their homes are worth more than appraisers do.

In September, homeowners’ opinions on home prices tended to be 1.14 percent higher than appraisers, according to the latest National Quicken Loans Home Price Perceptions Index.

There is a fair amount of variation in price perceptions across the country, however. For example, in Dallas, appraisals were, on average, 2.87 percent higher than homeowners’ expectations. However, in Philadelphia, the average appraisal was 2.89 percent lower than what owners thought it should be.

“An appraisal can vastly impact the mortgage process,” says Bill Banfield, Quicken Loans’ executive vice president of capital markets. “This number alone can impact how much a buyer needs to bring to closing, or the current equity a homeowner has when refinancing.”

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About Empire Appraisal Group, Inc.

Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times.  When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience.  Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 7,000+ appraisals to his credit.

We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.

We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.

In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.

Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298.  Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc.

We provide residential appraisal services to all cities in Broward County:  Parkland, Coral SpringsCoconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors.

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