Do appraisers make price adjustment on my home verses a realtor?

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September 25 2013 - US
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Seller inquires due to Realtor not giving allowance for pool verses a home without?

Both valuations would probably take into account the market value of a home with a pool vs one without one - its up to the individual's opinion on value, which varies between people...
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September 28 2013
An appraiser uses market data and homes in the immediate area to make adjustments to their opinion of value.  This occurs once in escrow.  A Realtor and seller determine price together before and during the sales process.  Each seller's situation is different and could warrant a need for a quicker sale based on life circumstances.  This should not affect the value the real estate in the eyes of the appraiser.  

In subsequent home appraisals in the area, this could be over looked by an appraiser.  
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September 28 2013
Your question doesn't make sense coming from a real estate agent.// What are you trying to say
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September 28 2013
Tim, you are correct.  

I think we are discussing two different things.  My statement was from the perspective that a price adjustment (i.e. lower the price of a listing) is done at the behest of the seller.
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September 27 2013
Of course Realtors make price adjustments.  Just look at the CMA form.  The Realtor adjustments should follow the same format as the appraiser.

Adjustment for a pool first depends if it is in ground or above.  Second condition. 

However the adjustment is not dollar for dollar of the installation cost.  The pool is a feature.  Depending on the market it may only add $10,000 to the value.
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September 27 2013
Seller inquires due to Realtor not giving allowance for pool verses a home without?
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September 25 2013
Realtors do research on comparable homes sold and for sale in order to establish a listing price and consult with the seller on why they should price a certain way and if price adjustments are needed in order to sell. The seller decides  if they are willing to adjust pricing.
The appraiser actually compares many more things in more detail to satisfy a lender/buyer in order to close the sale after a contract has been accepted.
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September 25 2013
Since you are agents your asking this confuses me. Are we just asking to be asking a question? Actually the question does not make any sense to me as written.

And Nerraj, Realtors most certainly do make price adjustments on CMAs or BPOs they do. If you use a 4 bedroom as a comp, on a 3 bedroom subject home, there needs to be an adjustment made to make them better comparables, for example.


tim
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September 25 2013
Real estate agents do not make price adjustments - sellers do.
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September 25 2013
 
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