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Are Appraisals Killing Your Real Estate Deals?
As home prices cool, appraisers are starting to take notice—and it’s impacting transactions. A recent analysis by CSS revealed a growing gap between appraised home values and sales prices. In fact, 57% of appraisals in the second half of 2024 came in higher than the sales price, up from 53% the year before.
This trend could spell trouble for sellers holding out for yesterday’s prices and buyers relying on high LTV loans. Remember: lenders trust appraisals, not contracts. Encourage your agents to set realistic prices and focus on finding the best value for buyers. With rates rising and more inventory available, now is the time to make smarter moves in a shifting market.
