If you need assistance, please call 386-283-5996

What To Expect As Appraisal Gaps Grow | Take Action Properties LLC Blog

Tuesday, June 29, 2021   /   by Scott Parks

What To Expect as Appraisal Gaps Grow

What To Expect as Appraisal Gaps Grow


In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates:

“The frequency of buyers being willing to pay more than the market data supports is increasing.”

While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s happening more in today’s market than the norm.
According to recent data from CoreLogic, 19% of homes had their appraised value come in below the contract price in April of this year. That’s more than double&nbs ...

Read More


  what to expect as appraisal gaps grow