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Rainmaker
1,618,024
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

justify selling price

Apr 19, 2017 08:23 PM
Ambassador
5,474,939
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Homeowners? To set the sales price, primarily.

Apr 19, 2017 08:24 PM
Rainmaker
5,584,478
Barbara Todaro
RE/MAX Executive Realty - Happily 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
1,535,414
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
809,308
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
1,157,841
FN LN
Toronto, ON

It depends on the situation.

Apr 20, 2017 07:26 AM
Rainmaker
2,840,724
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
2,246,068
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

They can defend a Seller's Asking Price

Apr 20, 2017 06:55 AM
Rainmaker
1,466,257
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
4,800,282
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
921,504
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
5,177,020
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
3,074,289
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Harry F. D'Elia nailed this one!

Apr 20, 2017 04:23 AM
Rainmaker
5,288,766
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

They might help justify an asking price.

Apr 20, 2017 04:18 AM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

depends

Apr 20, 2017 03:42 AM
Rainmaker
4,322,035
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

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

Apr 19, 2017 10:41 PM
Rainer
321,664
Melissa Jackson REALTOR
Trinity Premier 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
5,774,095
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
6,662,159
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
4,341,834
John Pusa
Glendale, CA

An interesting question.

Apr 19, 2017 08:55 PM
Rainmaker
3,988,138
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
1,713,581
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
1,260,208
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
3,421,649
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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

Apr 19, 2017 05:51 PM
Ambassador
2,704,537
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 No.

Apr 19, 2017 05:23 PM
Rainmaker
1,614,223
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

Values.

Apr 19, 2017 05:15 PM
Rainmaker
3,416,372
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
8,125,230
Roy Kelley
Retired - Gaithersburg, MD

Hopefully, they provide accurate evaluations.

Apr 19, 2017 05:05 PM
Rainer
424,263
Caroline Gerardo
Licensed in 20 states - 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
5,460,219
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Verifies loan amount request! Then again...

Apr 19, 2017 04:19 PM
Rainmaker
3,986,473
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