{"id":6227,"date":"2017-09-14T00:00:00","date_gmt":"2017-09-14T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/consumers-appraisals-still-falling-short\/"},"modified":"2017-09-14T00:00:00","modified_gmt":"2017-09-14T00:00:00","slug":"consumers-appraisals-still-falling-short","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/consumers-appraisals-still-falling-short\/","title":{"rendered":"Consumers: Appraisals Still Falling Short"},"content":{"rendered":"

\n<\/p>\n

\n \n

Appraisals continue to lag homeowners\u2019 price expectations, according to the latest Quicken Loans\u2019 National Home Price<\/a> Perception Index, which compares homeowners\u2019 initial estimates and appraiser\u2019s opinions of home values. Appraised values were 1.35 percent lower than homeowners\u2019 expectations in August. That has narrowed from a 1.55 percent difference in July.<\/p>\n\n

\n

Read more<\/strong>: Owners, Appraisers Disagree on Home Values<\/span><\/p>\n<\/blockquote>\n\n

Many homeowners are still not understanding their home\u2019s current value, according to the analysis. The perceptions can vary quite a bit across the country, too. For example, home values are 3 percent higher than homeowners\u2019 estimated values in the West, while they are 3 percent lower than expected in the Midwest and Northeast.<\/p>\n\n

\u201cA 3 percent difference may seem small, but depending on the local market, it could make a significant impact on value,\u201d according to Quicken Loans\u2019 study. \u201cFor instance, a homeowner in Denver may have upwards of $11,000 in additional equity they can access for home improvements or loan<\/a> consolidation.\u201d<\/p>\n\n

\"\"<\/p>\n\n

Source: Quicken Loans<\/a><\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n\n\n Realtors.org <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Appraisals continue to lag homeowners\u2019 price expectations, according to the latest Quicken Loans\u2019 National Home Price Perception Index, which compares homeowners\u2019 initial estimates and appraiser\u2019s opinions of home values. Appraised values were 1.35 percent lower than homeowners\u2019 expectations in August. That has narrowed from a 1.55 percent difference in July. Read more: Owners, Appraisers Disagree […]<\/p>\n","protected":false},"author":1,"featured_media":6228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,12908,543,627,1329,1007,41,818,479,15282],"class_list":["post-6227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-home","tag-home-buying-guide","tag-homeowners","tag-loan","tag-owners","tag-property","tag-real","tag-realtor","tag-ross"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":786,"url":"https:\/\/amazingproperty.com.ng\/blog\/gap-grows-between-owners-and-appraisers\/","url_meta":{"origin":6227,"position":0},"title":"Gap Grows Between Owners and Appraisers","author":"Amazing Property","date":"February 15, 2017","format":false,"excerpt":"[ad_1] The disconnect\u00a0between homeowner estimates and appraiser opinions when it comes to home values grew for the second consecutive month, according to Quicken Loans\u2019 National Home Price Perception Index. The average appraisal value was 1.47 percent below what owners expected in January. The shift comes after a six-month stretch where\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4967,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-disagree-on-home-values\/","url_meta":{"origin":6227,"position":1},"title":"Owners, Appraisers Disagree on Home Values","author":"Amazing Property","date":"June 15, 2017","format":false,"excerpt":"[ad_1] Homeowners feel like their homes are worth more than what appraisers say they are, and the gap between the two\u00a0estimated values has grown\u00a0for the sixth consecutive month, according to Quicken Loans\u2019 National Home Price Perception Index. Read more: Owners, Appraisers Aren't Seeing Eye-to-Eye Appraised values were, on average, 1.93\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/6_15_quicken.png?fit=704%2C731&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7166,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-appraisers-getting-on-same-page\/","url_meta":{"origin":6227,"position":2},"title":"Homeowners, Appraisers Getting On Same Page","author":"Amazing Property","date":"November 20, 2017","format":false,"excerpt":"Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. 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IE users, please download Firefox, Chrome, or Edge. Homeowners and appraisers continue to close the gap between perceptions over home values in their area. 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