If you are thinking about selling please take note:
For the seventh consecutive month, the gap has widened between what home owners say their home is worth compared to what appraisers say, according to Quicken Loans’ August 2015 Home Price Perception Index.
Home owner estimates now stand 2.65 percent higher than appraiser opinions, the largest gap in more than a year, according to the index.
“The perception trend of most of this year suggests home owners may be assuming that home values have been in a steady, linear path upward,” says Bob Walters, Quicken Loans chief economist. “In reality, home values have remained mostly flat this year, and this false assumption may be leaving home owners disappointed when their appraisals come in.”
The chart below gauge home owners' versus appraisers' value perceptions by metro.
Author:Sherry Cabrera Phone: 214-454-6969 Dated: September 9th 2015 Views: 1,393 About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...
"Shannon & Howard were extremely patient as we searched for a new home. They listened and guided us through the process. we ended up with a home 600 sqft bigger than we thought we could afford. This was supposed to be a 5-10 year home, but because of their excellent help, we are in our dream home at our dream price "