Expert Witness Testimony

Love at First Value: A Valentine’s Guide to Selling Your Home With Appraisal in Mind ❤️

Valentine’s Day is all about connection, emotion, and first impressions—and those same elements often come into play when selling a home. Buyers may fall in love the moment they walk through the door, but appraisers look at the transaction through a very different lens. Understanding that distinction can help sellers avoid surprises and keep a contract on track.

Love Your Home—But Know the Market

It’s natural for sellers to feel emotionally attached to their homes. Memories, improvements, and pride of ownership all play a role. However, market value is determined by how a property compares to similar homes that have recently sold—not by sentiment. Separating emotional value from market value early in the process helps set realistic expectations and creates a stronger foundation for pricing and negotiations.

Appeal to Buyers and Appraisers

Decluttering, cleaning, and light staging help buyers envision themselves in the space and can positively influence first impressions. From an appraisal standpoint, overall condition carries significant weight as well. Addressing deferred maintenance, completing minor repairs, and ensuring major systems are functional can help reduce red flags and support a smoother appraisal outcome.

Pricing: Romance vs. Reality

Buyers sometimes make offers based on emotion, competition, or urgency. Appraisers, however, must rely on comparable sales and market data. Pricing a home with current market support in mind helps reduce the risk of an appraisal coming in below contract price—and the renegotiations that can follow.

Marketing With Purpose

Clear, accurate listings and strong photography help tell the story of a home. Providing documentation for updates—such as a new roof, HVAC system, or renovations—can also be valuable. While appraisers don’t assign value dollar-for-dollar for improvements, having clear information helps them better understand condition and compare the home appropriately to recent sales.

Negotiations Are Market-Based

If an appraisal results in further negotiation, it isn’t personal. It reflects what the current market is willing to support. Sellers who understand this distinction are often better prepared to respond calmly, evaluate options, and move forward strategically rather than emotionally.

The Sweetest Takeaway

Selling a home is a balance of emotion and analysis. Buyers may fall in love, but appraisals rely on evidence. Preparing with both perspectives in mind helps protect value, reduce stress, and support a successful closing—this Valentine’s Day and beyond.

Happy Valentine’s Day! ❤️

For Better or For Worse? FNME vs GPAR

Over the years, I have provided appraisals for properties owned by individuals going through divorce proceedings and have had the opportunity to be used in several counties as an expert witness. Whenever I am providing an appraisal for marital dissolution purposes, there are a few things I keep in mind. Most important is the possibility that my report might end up being used as part of expert witness testimony in a formal court proceeding. For this reason, it is important to know the correct form to use.

Most appraisers complete their reports on Fannie Mae produced forms as the majority of the work completed is for lending purposes. It is important to understand that these forms were created by and expressly for Fannie Mae purposes. There are pre-printed certifications which clearly indicate the use of and purpose for these forms.

Unfortunately, using Fannie Mae forms for litigation work is a mistake. While an appraiser should be aware of this, I have found in reviewing opposing counsels “expert” appraisal reports that many use the wrong form. Legal authorities have advised and forewarned that the use of the 1004 URAR appraisal form for litigation purposes carries the risk of having that report thrown out and ultimately, that side losing their case.

Per Jody Bruns, CDLP, using the wrong form could be a costly mistake and can jeopardize a case. Check out the full article here:

http://digitaleditions.walsworthprintgroup.com/publication/?i=286075&article_id=2358305&view=articleBrowser

In the future, if you are looking to have an appraisal completed for divorce purposes, be sure that you engage the services of an appraiser who has the experience and knowledge to know that using the correct form can make all the difference in your case.