The way an appraiser and a realtor come up with value is very different.
A realtor looks at what the market will pay for a home. An appraiser looks at past home sales, compares the properties, adds and deducts from the comparable a to make all things even and come up with a opinion of value. These are very different and can cause issues.
For example, when a homeowner has an appraisal from a mortgage refinance, it seems the value on the appraisal would be the market value but it is not. If you have a 2 bedroom home, an appraiser may compare your home to a 3 bedroom and only deduct $2500 from the comparable to make it even to the subject but the market may feel the home is worth $20,000 less than the 3 bedroom, the opinion of value and what the market will pay are very different.
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