[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f39d3p0dguwyjj":3,"$f2emv3tus0uf1":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},516,"gap-between-homeowners-appraisers-opinions-widen","Gap Between Homeowner’s & Appraiser’s Opinions Widen","In today’s housing market, where supply is \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2016\u002F03\u002F10\u002Fyes-home-prices-are-rising-no-a-new-housing-bubble-is-not-forming\u002F\">very low\u003C\u002Fa> and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002F01161616\u002FAppraisal-Gap-STM.jpg","In today’s housing market, where supply is \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2016\u002F03\u002F10\u002Fyes-home-prices-are-rising-no-a-new-housing-bubble-is-not-forming\u002F\">very low\u003C\u002Fa> and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.\u003C!--more-->\r\n\r\nIf prices are surging, 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.\r\n\r\nEvery \u003Ca href=\"http:\u002F\u002Fwww.quickenloans.com\u002Fpress-room\u002F2016\u002F03\u002F08\u002Fhomeowners-denial-difference-between-expectation-and-appraised-value-reverses\u002F\">month\u003C\u002Fa>,\u003Cem> Quicken Loans\u003C\u002Fem> measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their \u003Cem>Home Price Perception Index (HPPI)\u003C\u002Fem>. Here is a chart showing that difference for each of the last 12 months.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FAppraisals.jpg\" rel=\"attachment wp-att-33022\">\u003Cimg class=\"alignnone wp-image-33022\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FAppraisals.jpg\" alt=\"Gap Between Homeowner’s & Appraiser’s Opinions Widen | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nThe gap between the homeowner vs. appraiser’s opinion had been heading in the right direction (closer to even), until this past month, when the gap widened again to -1.99%.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fh3>\r\nEvery 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. If you are planning on entering the housing market this year, let's meet up so I can guide you through this, \u003Cem>and any other\u003C\u002Fem>, obstacle that may arise.","\u003C\u002Fstrong>\u003Cstrong> \r\nEvery 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. If you are planning on entering the housing market this year, let's meet up so I can guide you through this, \u003Cem>and any other\u003C\u002Fem>, obstacle that may arise.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002FAppraisals.jpg",false,[17,21],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices","2016-03-15T10:00:27Z","2016-03-14T16:53:02Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},515,"what-if-i-wait-until-next-year-to-buy-a-home","What If I Wait Until Next Year To Buy A Home?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002F01161619\u002FWhatIfIWait-STM.jpg","2016-03-14T10:00:45Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},517,"the-main-reason-to-use-a-real-estate-professional-when-selling-your-house","The Main Reason to Use a Real Estate Professional when Selling Your House","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F03\u002F01161613\u002F316-STM.jpg","2016-03-16T10:00:25Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[44,48,52,53,57,61,62,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":49,"name":50,"slug":51},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":63,"name":64,"slug":65},11,"First-Time Buyers","first-time-buyers",{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]