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    Q&A with Pam – Getting Homes to Appraise with Increasing Home Prices

    Question: I keep hearing that getting homes to appraise can be a real challenge in this market. With prices increasing, is this still a big issue?

    Answer: Changing market conditions create real challenges for appraisers. The appraisal process is rooted in an analysis of past market performance (data on recent closed sales) and current market trends (not as easily quantifiable). As prices rise, it becomes difficult to find comparable sold properties that justify the higher prices. I attend the appraisals of all of my under contract listings and provide analysis of not only recent closed sales (most of which I have personally toured) but active listing competition as well, providing critical perspective to the appraiser. Over the past 5 years, I have a 99% success rate in achieving appraisals at or above the contract price.

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    Our agents write often to give you the latest insights on owning a home or property in the local area.

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    April, 2014 The entire team works flawlessly to achieve success for you while you’re trying to sell a house.  Communication is the name of the game with them.  Negotiations are professional and honest.  Marketing is creative and makes you want to buy your own house.  I don’t think my appraisal would have come in at plan without Pam’s detailed documentation.  Tracy sits in the background coordinating all the activities.  I would highly recommend them to everyone if you want to be successful …
    Irene O'Hagan, Deer Park