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The Disparity Between the Opinion of Value from Appraisers and Realtors

http://sworlandoblog.com Posted by Boomerang 315 days ago

Consumers often get confused between an appraiser’s opinion of value and a Realtor’s market analysis. The opinions of value often differ significantly. When price rose quickly back in 2004 and 2005, the Realtor’s opinion of value were much higher than an appraiser’s opinion and in the current market where price are on a rapid decline, the Realtor’s opinion will be much lower than an appraiser’s opinion. So why does this disparity in opinion exist? The disparity can be contributed to the appraiser’s focus on purpose and the Realtor’s focus on function in forming the opinion of value.

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