Zillow Advice: Buying Process - Can a listing agent give "comps" to the appraiser? http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ Zillow Advice | Zillow Real Estate A listing agent can provide ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ A listing agent can provide local area comps to the appraiser. &nbsp;Here in Rhode Island, we may be small but every neighborhood and town varies greatly in price. &nbsp;So a local agent may want to provide comps is the appraiser is coming in from out of town&nbsp;and&nbsp;doesn't understand that being a 1/4 mile west of street A may greatly influence price. &nbsp;Where&nbsp;other parts of&nbsp;the&nbsp;country you need to be miles away to see prices vary. &nbsp;<br/><br/>Short Sales can be VERY frustrating, so I understand your frustration in working with the seller's agent, but the agent is doing&nbsp;everything&nbsp;in his&nbsp;power&nbsp;to ensure that you close on the home, at a great price, that is accepted by the bank. &nbsp;When it&nbsp;comes&nbsp;to a short sale; everyone is on the same team and&nbsp;working&nbsp;towards a closing!<br/><br/>Best of luck in your transaction and I hope you get to join the ranks of an American Home Owner! Tue, 27 Nov 2012 20:16:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-27T20:16:00Z Please read all the responses ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ <p>Please read all the responses and go with the answer most mentioned.<br/><br/>1.&nbsp; <strong>Yes, the listing agent can give comps to the appraiser...</strong>it is neither illegal or unethical.&nbsp; The problem comes in ONLY if the appraiser relys on the agents&nbsp;comps and does not use theitr own data and opinion.<em>&nbsp;No one can force an appraiser to do anything...<br/></em><br/>Sometimes the agent has knowledge of a closed sale that has not yet been recorded which the appraiser may not be aware of, so a good appraiser (or someone doing a BPO) will typically at least look at the agents comps.<br/><br/>2.&nbsp; There is NOTHING WRONG with the seller doing repairs...bless the seller for wanting to.&nbsp;<br/><br/>Eve in Orlando</p> Tue, 27 Nov 2012 16:57:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-27T16:57:00Z Coleen, Your response did ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ Coleen, Your response did shed light thank you very much! Thu, 01 Nov 2012 23:26:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-01T23:26:00Z I can really appreciate your ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ I can really appreciate your frustration.&nbsp; I do the Broker Price Opinions for the banks (snapshot appraisals)&nbsp; Over 5,000 within the past 4 years.&nbsp; In the beginning the Listing Agents often brought comps with them.&nbsp; NOW, if a Listing Agent does that, I have to report that UNDUE influence was forced on my price opinion.&nbsp; A short sale should not have ANY repairs, the appraisal as well as the sale&nbsp;has to be as is.&nbsp; In the current environment, it is unethical for the Appraiser to accept the comps, and as well the Listing Agent should be advised that this is not acceptable influence.&nbsp; (not illegal) Thu, 01 Nov 2012 22:26:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-01T22:26:00Z I always ask and I always ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ I always ask and I always have them with me just in case<br/>Keep comparable sales to 90 days Thu, 01 Nov 2012 15:53:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-01T15:53:00Z The appraiser has his own ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ <p>The appraiser has his own set of criteria from the banks. The realtor can give him comps but he probably won't use them. The realtor does usually gives comps to the bank along with the purchase contract. The bank will use both to arrive at a reasonable price. I'm sure your realtor is doing all she can to make the sale go through. Good luck on it.&nbsp;</p> Thu, 01 Nov 2012 15:45:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-01T15:45:00Z Well it does sound that way ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ <p>Well it does sound that way however there is some issues with the house that the seller has now covered therefore in my opinion it may be a false appraisal as they would not have seen the rot that was there, and not sure what damage he has created for me to fix on my $.&nbsp; Just feel like she is sugar coating the property as it needs much love.&nbsp; And of course i want the best deal possible!! It is wrong for me to ask what comps she gave the appraiser?</p> Thu, 01 Nov 2012 14:40:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-01T14:40:00Z Sounds like she is working ... http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ Sounds like she is working for you, and you want to stop her? Are you wanting the sale to fall through? Anyone can go to an appraisal, the appraiser will just ignore you and do his thing without you, so we normally don't bother to go when they go there to do the appraisal. Handing them comps to look at is fine, the appraiser might actually like that help. You don't sound like you know she is trying to make your offer work out. Thu, 01 Nov 2012 14:34:00 GMT http://www.zillow.com/advice-thread/Can-a-listing-agent-give-comps-to-the-appraiser/466807/ 2012-11-01T14:34:00Z