{"id":6580,"date":"2017-10-11T00:00:00","date_gmt":"2017-10-11T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-more-eye-to-eye-on-prices\/"},"modified":"2017-10-11T00:00:00","modified_gmt":"2017-10-11T00:00:00","slug":"owners-appraisers-more-eye-to-eye-on-prices","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-more-eye-to-eye-on-prices\/","title":{"rendered":"Owners, Appraisers More Eye-to-Eye on Prices"},"content":{"rendered":"

\n<\/p>\n

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

For the fourth consecutive month, the gap between homeowner and appraiser opinions on property values narrowed. Still, homeowners tend to believe their homes are worth more than appraisers do.<\/p>\n

In September, homeowners\u2019 opinions on home prices tended to be 1.14 percent higher than appraisers, according to the latest National Quicken Loans<\/a> Home Price<\/a> Perceptions Index.<\/p>\n

There is a fair amount of variation\u00a0in price perceptions across the country, however. For example, in Dallas, appraisals were, on average, 2.87 percent higher than homeowners\u2019 expectations. However, in Philadelphia, the average appraisal was 2.89 percent lower than what owners thought it should be.<\/p>\n

\u201cAn appraisal can vastly impact the mortgage<\/a> process,\u201d says Bill Banfield, Quicken Loans\u2019 executive vice president of capital markets. \u201cThis number alone can impact how much a buyer needs to bring to closing, or the current equity a homeowner has when refinancing.\u201d<\/p>\n

\"\"<\/p>\n

Source: Quicken Loans<\/em><\/p>\n<\/div>\n<\/div>\n

Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For the fourth consecutive month, the gap between homeowner and appraiser opinions on property values narrowed. … Owners, Appraisers More Eye-to-Eye on Prices<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6581,"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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"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":[1403,12908,543,627,127,1329,408,1007,41,818,479,15282],"class_list":["post-6580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-loan","tag-mortgage","tag-owners","tag-property","tag-real","tag-realtor","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5288,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-overestimate-value-by-lower-margins\/","url_meta":{"origin":6580,"position":0},"title":"Owners Overestimate Value By Lower Margins","author":"Amazing Property","date":"July 12, 2017","format":false,"excerpt":"Owners believe their homes are worth an average of 1.7\u00a0percent more than what appraisers say, according to the latest Quicken Loans\u00a0National Home Price Perception Index. Appraiser and homeowner value opinions did narrow slightly in July for the first time in seven months. In June, consumers estimated their homes to be\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\/07\/DN_quickenLoans_July2017.png?fit=640%2C672&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/DN_quickenLoans_July2017.png?fit=640%2C672&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/DN_quickenLoans_July2017.png?fit=640%2C672&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":786,"url":"https:\/\/amazingproperty.com.ng\/blog\/gap-grows-between-owners-and-appraisers\/","url_meta":{"origin":6580,"position":1},"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":5687,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-say-their-homes-are-worth-more\/","url_meta":{"origin":6580,"position":2},"title":"Owners Say Their Homes Are Worth More","author":"Amazing Property","date":"August 10, 2017","format":false,"excerpt":"Homeowners continue\u00a0to say that their homes are worth more than appraisers\u2019 opinions, according to the latest reading from Quicken Loans\u2019 National Home Price Perception Index. Consumers believed their properties to be worth 1.55 percent more than what appraisers said they were in July.\u00a0 That said, the gap is\u00a0narrowing between these\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":"DN_QuickenLoans_index.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_QuickenLoans_index.png?fit=640%2C663&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_QuickenLoans_index.png?fit=640%2C663&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/DN_QuickenLoans_index.png?fit=640%2C663&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4507,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-arent-seeing-eye-to-eye\/","url_meta":{"origin":6580,"position":3},"title":"Owners, Appraisers Aren\u2019t Seeing Eye-to-Eye","author":"Amazing Property","date":"May 11, 2017","format":false,"excerpt":"[ad_1] Appraisals in April were, on average, 1.9 percent lower than what homeowners expected. That means on an average home price of $236,400, homeowners misjudged their price by about $4,500. Read more: Will There Be Too Few Appraisers in 10 Years? The gap between appraiser and homeowner views on price\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\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8758,"url":"https:\/\/amazingproperty.com.ng\/blog\/appraisers-homeowners-agree-more-than-ever-on-values\/","url_meta":{"origin":6580,"position":4},"title":"Appraisers, Homeowners Agree More Than Ever on Values","author":"Amazing Property","date":"June 21, 2018","format":false,"excerpt":"Appraisers, Homeowners Agree More Than Ever on Values | Realtor Magazine Internet Explorer does not currently support REALTOR\u00ae Magazine search. 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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