How do you account for appreciation in an appraisal?

Video Blog (vlog) by REALTOR® JenKlein, with special guest Ryan Lundquist: Roseville real estate market is hot, hot, hot!  Multiple offers on almost every property and people removing appraisal contingencies, bidding $20-$30K over value. I wanted to hear straight from an appraiser how they figure value and appreciation.   Ryan Lundquist gives some insight on what goes into an appraisal on your Roseville home.  How are these really high bids hitting the offered value? Can you write your offer to reflect the appreciation, even if there is a model match that sold for less? Please contact Jennifer Klein  916-230-3880 or email JenKleinSells@gmail.com AND Ryan Lundquist at 916-595-3735. For more information on our team check out www.RosevilleAndRocklin.com.

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February Market Update, meet JenKlein, How a $40K kitchen can only increase your value by $20K, Remodel or Move, Zillow’s Zestimate a home sellers worst nightmare

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6 thoughts on “How do you account for appreciation in an appraisal?”

  • Ryan Lundquist

    Thanks for doing the video. I really appreciate it. Lots of people don’t know that appraisers can account for appreciation in the report with what’s called a “Date of Sale” adjustment. This is basically where the appraiser measures the market and then adjusts comps upward where appropriate from their contract date.

    Reply
    • JenKlein

      Thanks for sharing, this market has been insane, I know it’s frustrating for buyers to think they got the offer accepted, but they can’t have the house because it didn’t appraise. This is invaluable insight Ryan, as usual!!!

      Reply
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