Over/Under List Price — April Percentages For Your Appraisals

I wanted to share these stats for any and all of you buyers, mortgage brokers, or agents that run into appraisers who feel it is their duty to question the price a buyer is willing to pay for a property in this market. In my humble opinion, appraisers should not ever look at percentages above or below asking price. Actually, I think San Francisco doesn’t need appraisers in a transaction at all, ever. If a buyer is willing to pay $$ for a property and a seller is willing to sell it for that, that’s what the property is worth.

Anyhow, this chart shows the staggering number of overbids in San Francisco for April, and the lengths buyers are willing to go to win.

If you’d like to see Overbids, Underbids, Sales, Stalefish, and more, on a regular basis, sign up for my email delivery of exactly that at sfnewsletter.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s