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Bank Appraisal v. Agent Opinion of Value

Do You Know The Difference Between A Bank Appraisal And An Agent’s Opinion Of Value?



An appraisal is an unbiased professional opinion of a home’s value. When buying or selling a home, you need to make sure that you are getting the best price possible. In selling, the goal is to not overprice or underprice so that you will be able to reach the greatest number of buyers.  In buying, the goal is to get the best value for your money in the current market, with the hopes that your home will increase its value as time progresses.  

Appraisals are a snapshot of that moment in time. Home prices are changing constantly, but in   general, there should not be a huge discrimination in pricing between a bank appraisal and an agent's opinion of value when done at the same time.  What's important is what is happening in the market today and what buyers are willing to offer for your home if you really want it sold.  

Remember, appraisers have an opinion just like agents.  They all construct their opinions the same way, but they do have a different viewpoint from which to couch that opinion.  Appraisals can be contested on properties if you feel  that the appraiser was not looking at the market overall and chose their comparable properties poorly.  But in most cases, the lender has the final say and usually sides with their appraiser. While you should price your property appropriately, it will ultimately be the appraiser hired by the lender for your buyer who will determine what price will be allowed on the property.  You can still make your case.  Look to see what data was used.  Does it make sense?

In listing your home as your Seller's Agent and representative with the expertise in finding the proper evaluation of your home in the current market, I can add knowledge and insight to properly price your home by reviewing the market conditions in your area.  I will compare homes to one another using top notch analytics and professional opinions, adding and deducting value according to each home's age, size, location, neighborhood and amenities, as well as obtaining any information that you as a homeowner may have about the compared homes and what may have been involved in their sale so we can "tweak" the home's value.  My purpose is to give you complete and reliable information that is current so we will price it as perfectly as possible.  We want to get your home sold for its top worth and coax the interest of as many qualified buyers as possible.

In helping you find your Home Sweet Home as your Buyer's Agent, I can tell you if the properties you are interested in are properly priced in the current real estate market, and will reach out to the seller's agent with the right offer price to negotiate on your behalf.

Ultimately, the worth of a property is what buyers will pay in the current market and you need to make sure that you are going to get the best price possible.  As a real estate agent who lives and breathes in the market that I work in, my experience will ensure that you will be getting the most accurate valuation possible.  Please call us when you're ready to buy or sell so we can work hard for you.

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Jennifer Prange 404-291-0854 c

Gay Locke 404-558-1004 c

Johnny Walker Realty 262 Church Street, Marietta Ga 30060

678-626-0403 ofc

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