From The ValuVault: When Prices Rise but Comps Don’t

15/08/2025 1 min Temporada 3 Episodio 14
From The ValuVault: When Prices Rise but Comps Don’t

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Episode Synopsis

Charlie Johnson explains how appraisers handle rising prices when recent comps haven’t caught up.– When closed sales lag current demand, appraisers apply time (market-conditions) adjustments based on trend analysis – Paired sales (similar homes sold at different dates) help estimate appreciation between contract and closing dates – Pendings/actives can support an upward trend, but carry less weight than closed comps – Reports include extra commentary to reconcile “stale comps” with today’s market—documentation, not guesswork – Agent intel matters: multiple offers, escalation clauses, concessions, and days-on-market help tell the pricing story📌 Appraisers: Support time adjustments with measurable data (paired sales, MLS stats, market addenda) and explain the reconciliation. 📌 Agents/Sellers: Share offer counts, contract dates, concessions, and strong pendings up front—don’t make the appraiser chase it.Fast market ≠ fuzzy math. Share the data and tell the story behind the price.