Undervalued appraisals can pose problems in a real estate transaction. Although it doesn’t happen that often, it is not fun when it does. Sellers and their Realtors most often try to pass blame to the appraiser, but is it really their fault? Being a REALTOR and having to work through these problems from both sides (Buyer Side & Seller Side) I don’t feel the appraisers are to blame. When the [...]

The Housing Valuation Code of Conduct (HVCC) which mandates appraisers work through independent Appraisal Management Companies (AMC’s) has caused problems for many Buyers, Sellers, and their agents. Since the inception of this legislation appraisals have become more restrictive and it seems that less effort is put forth to complete appraisals resulting in poor valuations. This seems to be caused by unrelated or bad comparable sales being used in reports, appraiser’s [...]