Episode notes
Charlie Johnson explains how appraisers handle rising prices when recent comps haven’t caught up.
– When closed sales lag current demand, appraisers apply time (market-conditions) adjustments based on trend analysis
– Paired sales (similar homes sold at different dates) help estimate appreciation between contract and closing dates
– Pendings/actives can support an upward trend, but carry less weight than closed comps
– Reports include extra commentary to reconcile “stale comps” with today’s market—documentation, not guesswork
– Agent intel matters: multiple offers, escalation clauses, concessions, and days-on-market help tell the pricing story
📌 Appraisers: Support time adjustments with measu ...