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Showing posts with the label appraisal myths

Why Can Two Appraisers Value the Same Home Differently?

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Short answer? Because appraising isn't just plugging numbers into a computer. If you've ever heard someone say, "The last appraisal was $425,000, but this one came in at $405,000. Somebody must be wrong," you're not alone. As a state-certified residential appraiser here in Montgomery County, I hear this question fairly often. The truth is, two qualified appraisers can inspect the same property and arrive at different opinions of value—and that doesn't automatically mean one of them made a mistake. Let's look at why. An Appraisal Is an Opinion—But Not Just Any Opinion One of the biggest misconceptions about appraisals is that there is one "correct" value hiding somewhere out there. In reality, an appraisal is a supported opinion of market value based on the available data as of a specific effective date. Think of it like asking two experienced fishing guides where you'll catch the biggest bass on Lake Conroe. They'll probably agr...

Appraisal Myths Busted: What Agents, Buyers, and Sellers Always Get Wrong

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You know what I love? When someone tells me how the appraisal “should” come out before I even step out of my car. Happens all the time — and trust me, I get it. There’s a lot of folklore out there about how appraisals work. So today, we’re busting some of the biggest myths floating around Montgomery County, Conroe, The Woodlands, and beyond. 🏚 Myth #1 — The Appraiser Uses the Tax Value Nope. Not even close. Your tax-assessed value is about as helpful to me as using a weather app from last week to plan today’s picnic. Appraisers use recent market data , comparable sales , and actual market trends , not whatever the county says your house is worth. Taxes are their own thing. Appraisals? Whole different beast. 💵 Myth #2 — The Appraisal Always Comes in at Contract Price I wish it worked like that — it would make my life easier. But nope, I don’t get a little pop-up that says, “Adjust until you hit contract price.” My job is to determine market value , not to “make the deal work....