| Real Estate Info by Lisa Hill, Daytona Beach Native, and REALTOR®. "THE SMART CHOICE!" |

This is post #3 in my "Real Estate Professionals Working Together" series. My other two posts in this series are "REALTORS® and Closing Agents Working Together" and "REALTORS® and Mortgage Professionals Working Together".
For this post, we're going to discuss REALTORS® and Real Estate Appraisers Working Together. As a real estate buyer or seller, you probably know that an appraisal is required if a buyer needs mortgage financing, in order to buy real estate. And you probably also know that real estate sellers can get an appraisal before listing real estate, to help determine value. You may even know that when a real estate buyer applies for their mortgage, it's the mortgage lender who gets to choose the appraiser. What you may not know is that appraisers sometimes call on REALTORS® for help when they're determining real estate value.
Now you may be wondering why an appraiser would need any help from a REALTOR®. After all, isn't the appraiser the most knowledgeable party for determining real estate value? Well of course they are! That's their main profession. But sometimes there are extenuating circumstances in real estate sales, that are not always noted on the tax assessor's records, or in the MLS. (These are the Real Estate Appraiser's sources of information... among others.) And with sales being much slower than they were during the boom years of the real estate market, sometimes the appraiser can't find enough comparable sales to get a good idea of the true market value of a particular property. So they then call REALTORS® who were involved in sales that are possible comps, but these comps can lack crucial information in determining value.
The best example of how information can be missing is when a seller contributes money toward a buyer's down payment. This essentially means that the sale price according to the contract, is not the true sale price. Make sense? If the seller didn't actually receive the amount of money indicated on the real estate contract, then that may or may not be
a comp for the "subject property". The contract will state the sale price, and an addendum will be added to the contract, which states how much the seller will "give back" to the buyers, to help with their closing costs. So in reality, you have to subtract the amount the sellers gave to the buyers, to determine the real sale price. And that information is not in the local MLS, or in the tax assessor's records. So the appraisers call around to REALTORS who were involved in recent sales, and ask if any concessions were made, or if any special circumstances were involved.
So now we find another way that different real estate professionals work together. When you look at all the different arms of the real estate industry, and the many people who are involved in each sale, you see that the industry professionals are more closely linked that it would seem.
If you're a real estate buyer or seller and would like to buy or sell real estate in Port Orange FL, I'd love to help. Make a Smart Choice and contact Lisa Hill for all your Port Orange real estate needs.
Visit my primary web site at www.DaytonaBeachRealEstateSales.com.


![]()


I was just reading a 











This is post #2 in my "Real Estate Professionals Working Together" series. My previous post, just a couple of days ago addressed 






I'm writing this real estate mini-series due to recent comments I've seen on other public forums, where some non-real estate professionals have indicated their belief that there is friction between the professionals who work in the multiple arms of the real estate industry. Needless to say, I've been surprised by what I've found on a couple of real estate web sites. Of course it's human nature for some people to assume the worst about many things... surely there's a scandal around every corner! (NOT!) Well, I guess I'm going to burst some bubbles because







First Time Home Buyers, please don't wait a moment longer to take advantage of the 2009 $8,000 tax credit. 



















