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Updated almost 9 years ago on . Most recent reply

User Stats

20
Posts
8
Votes
Denise Webster
  • Lender
  • Albuquerque, NM
8
Votes |
20
Posts

Low-End Appraisals in Atlanta, Georgia

Denise Webster
  • Lender
  • Albuquerque, NM
Posted

Speaking with a few realtors and private lenders, I am hearing that ARV appraisals are returning with conservative (low) values. Couple that with a house I currently have that has limited neighborhood comps, I am now analyzing deals with conservative ARV. Regrettably, this means that many of my offers are (in the opinion of sellers) too low.

Am I being paranoid? What resources could I find that could give insight into what banks are doing that are driving appraisers to be so conservative? What are your thoughts on this? 

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