The property seller sets the price, especially for residential property, not the Appraiser. Sellers usually don't order an appraisal because they want to obtain the highest price for their home and therefore don't want to be bound by the Appraiser's assessment.
The real estate agent receives a percentage of the price as compensation and often represents the seller in the transaction and assists them in setting the sale price. They perform a Comparative Market Analysis (CMA), which real estate agents in most states are allowed to perform without an Appraiser's License or Certification. The CMA is vital to the agent’s preparation for a listing examining recent property sales in the neighborhood to arrive at a listing price. Typically the agent will suggest a price to the seller based on the CMA however the seller may choose to list their property for a higher price.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1981099
BRE License Number: 01012322
Wade Miller NMLS: 233106
Real Estate Broker- California Department of Real Esate
www.nmlsconsumeraccess.org
2130 Main Street, Suite 110
Huntington Beach, CA 92648
Phone: (800) 985-0120
wade@loanspike.com
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