Video Transcript:
When an appraisal is too low, the sale fails and the agent gets blamed. It is not just about a lost deal; it becomes your problem. I’m David Ghazaryan, and I fix the broken appraisal process agents face daily. Most lenders use a weak system that puts all the financial blame on you. Some lenders create risk with a cheap process that uses just any appraiser. A strong process uses a trusted team and an internal desk to confirm value. A successful challenge uses data, not emotion, to get the value changed. You must find all their mistakes, then provide much better comparable sales information. The smartest agents act first, giving the appraiser helpful data at the start. This package shows your price is based on good research, not just seller hope. Your lender’s appraisal system is your best defense against losing a commission late. I explain more on my social channels; see the article and links in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/agent-liability-for-botched-appraisals-in-austin-texas
