Comments on: What is your San Diego home worth? What a buyer is willing to pay.

By: Cyberhomes vs. Zillow - Dueling Valuation Tools for Your San Diego Home | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Sun, 29 Jul 2007 22:36:23 +0000

[...] are so very different? To me, this difference of price opinion harkens back to the central issue. No online valuation tool can replace a living, breathing, knowledgeable professional, a category within which many licensed [...]

By: Steve Berg

Steve Berg — Fri, 27 Jul 2007 15:26:30 +0000

Kris – As you suggest, agents need to establish and provide sellers with an expected sale price with only the benefit of comp’s and our experience. It forces us to be as objective as possible. I agree that an appraiser should not have the “answer” (i.e., the contract price), prior to completing their report, as it completely eliminates the objectivity they are supposed to provide.

By: Reuben Moore

Reuben Moore — Thu, 26 Jul 2007 18:24:46 +0000

This business of (the lender) supplying the appraiser with the contract (upon ordering the appraisal) has never made any sense to me. Frankly, I think it should be illegal….

By: Jay Thompson

Jay Thompson — Thu, 26 Jul 2007 15:20:40 +0000

Thanks for this Kris. I’m going to slip it under the door of a seller we currently have. I can’t tell you how many conversations with them start with, “But we have this appraisal that’s only two weeks old. It says….”

I can’t seem to help them understand what the appraiser says doesn’t mean diddly squat.