There is a difference between the way Realtor’s pull comparable homes, and the guidelines appraisers must use for determining appraised value of homes. Here are a few insights of the things appraisers look at in determining home values in Logan Utah.Appraisers really work for, and are trained by underwriters. It is the underwriter’s guidelines they must meet, so those are the standards they use in determining market value. Their job is to satisfy the underwriter, who ultimately pays them. Real Estate Agents are looking for market value based on what buyers will consider market value.While underwriters guidelines can be strict, sometimes they aren’t possible to meet, especially for Cache Valley Real Estate. As long as he explains different comparables, and why they were used, he can usually get away with things beyond the standard guidelines for properties that don’t have ideal comparables.
via How Appraisers Determine Market Value in Cache Valley « Logan Utah Real Estate Blog.
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