April 25, 2024 8:18 am
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Home owners get more realistic on prices

appraisementREALTORMag

Home owners’ perceptions of the value of their homes are starting to get closer in line to the opinions of appraisers.

The latest Quicken Loans Home Price Perceptions Index shows that the average appraisal was 1.15 percent lower than home owners’ expectations. In September, appraised values were 1.26 percent lower than home owner expectations — so the gap is narrowing between the two. This is the fourth consecutive month the index has moved closer in line between home owner and appraiser estimates on values.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.