[:en]Will Appraisals Continue to be a Challenge in 2016?[:es]¿Continuarán las tasaciones siendo un desafío en 2016?[:]

Will Appraisals Continue to be a Challenge in 2016? | Simplifying The Market
[:en]First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016.

“The fourth quarter RESI found that title agents continue to believe that property valuation issues will be the most likely cause of title order cancellation over the coming year.”

This shouldn’t come as a surprise. In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is the bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

Another monthly report by Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation. Here is a chart showing that difference for each month through 2015.

Appraiser Home Value Opinions vs. Homeowner Estimates | Simplifying The Market

Bottom Line

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. Let’s get together and discuss how this may impact the sale of your home.[:es]First American Title emitió un informe trimestral, Real Estate Sentiment Index (RESI por sus siglas en inglés) que “mide la opinión de los agentes de las compañías de títulos en una variedad de cuestiones métricas importantes y claves del mercado”. En su edición del 4° trimestre de 2015 reveló información interesante acerca de posibles desafíos con los valores de las tasaciones mientras entramos en 2016.

“El cuarto trimestre RESI encontró que los agentes de las compañías de títulos continúan creyendo que la cuestión de la tasación de las propiedades será la causa más probable para la cancelación de órdenes de títulos durante el próximo año”.

Esto no debe ser una sorpresa. En un mercado de la vivienda donde el suministro es muy bajo y la demanda muy alta, los valores de las casas aumentan rápidamente. Un desafío mayor en tal mercado es la tasación del banco. Si los precios están saltando, es difícil para los tasadores encontrar suficientes ventas comparables (casas similares en el vecindario, que cerraron recientemente) para defender el precio al realizar la tasación para el banco.

Otro informe mensual por Quicken Loans mide la diferencia entre lo que el dueño de la casa cree que vale su casa comparado con el valor de la casa del tasador. Aquí está una gráfica mostrando esa diferencia cada mes a través de 2015.

¿Continuarán las tasaciones siendo un desafío en 2016? | Simplifying The Market

En conclusión

Cada casa en el mercado tiene que ser vendida dos veces; una a un posible comprador y luego al banco (a través de la tasación para el banco) con la escalada de los precios, la segunda venta podría ser más difícil que la primera. Es por eso que sugerimos que usted utilice un profesional de bienes raíces experimentado que le ayude a fijar el precio para la venta.[:]

[:en]Will Appraisals Continue to be a Challenge in 2016?[:es]¿Continuarán las tasaciones siendo un desafío en 2016?[:]

Will Appraisals Continue to be a Challenge in 2016? | Simplifying The Market

[:en]First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. “The fourth quarter RESI found that title ...

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[:en]Will Appraisals Continue to be a Challenge in 2016?[:es]¿Continuarán las tasaciones siendo un desafío en 2016?[:]

Will Appraisals Continue to be a Challenge in 2016? | Simplifying The Market

[:en]First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016.

“The fourth quarter RESI found that title agents continue to believe that property valuation issues will be the most likely cause of title order cancellation over the coming year.”

This shouldn’t come as a surprise. In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is the bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

Another monthly report by Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation. Here is a chart showing that difference for each month through 2015.

Appraiser Home Value Opinions vs. Homeowner Estimates | Simplifying The Market

Bottom Line

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. Let's get together and discuss how this may impact the sale of your home.[:es]First American Title emitió un informe trimestral, Real Estate Sentiment Index (RESI por sus siglas en inglés) que “mide la opinión de los agentes de las compañías de títulos en una variedad de cuestiones métricas importantes y claves del mercado”. En su edición del 4° trimestre de 2015 reveló información interesante acerca de posibles desafíos con los valores de las tasaciones mientras entramos en 2016.

“El cuarto trimestre RESI encontró que los agentes de las compañías de títulos continúan creyendo que la cuestión de la tasación de las propiedades será la causa más probable para la cancelación de órdenes de títulos durante el próximo año”.

Esto no debe ser una sorpresa. En un mercado de la vivienda donde el suministro es muy bajo y la demanda muy alta, los valores de las casas aumentan rápidamente. Un desafío mayor en tal mercado es la tasación del banco. Si los precios están saltando, es difícil para los tasadores encontrar suficientes ventas comparables (casas similares en el vecindario, que cerraron recientemente) para defender el precio al realizar la tasación para el banco.

Otro informe mensual por Quicken Loans mide la diferencia entre lo que el dueño de la casa cree que vale su casa comparado con el valor de la casa del tasador. Aquí está una gráfica mostrando esa diferencia cada mes a través de 2015.

¿Continuarán las tasaciones siendo un desafío en 2016? | Simplifying The Market

En conclusión

Cada casa en el mercado tiene que ser vendida dos veces; una a un posible comprador y luego al banco (a través de la tasación para el banco) con la escalada de los precios, la segunda venta podría ser más difícil que la primera. Es por eso que sugerimos que usted utilice un profesional de bienes raíces experimentado que le ayude a fijar el precio para la venta.[:]

[:en]Will Appraisals Continue to be a Challenge in 2016?[:es]¿Continuarán las tasaciones siendo un desafío en 2016?[:]

Will Appraisals Continue to be a Challenge in 2016? | Simplifying The Market

[:en]First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. “The fourth quarter RESI found that title ...

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