Alexa Blog

I get asked that question several times a week.  Well, the short answer lousy!  How do I appraise in this market?  I look at the entire picture.... withdrawn, foreclosed, expired listings, active listings, etc... and just because a contract is written for one price, I do NOT try to make that number.  At the same time, I might appraise it even higher.  What is the market doing at this time. 

I do regression and look at over 150 or so sales...and the most important part of the appraisal is the value!  I might leave off a dotted "i" or forgot to cross my "Ts", but I would wager to say it won't affect the value at all. 

Make sure your realtor tells you about all the activity or you might get burnt when the appraisal comes back lower than what you expected.