When I come across that completely impossible property to value I make the owner this offer -   Let's get an appraisal on your property and I will credit that amount back to you AT SETTLEMENT !

Take aways 1. No credit unless property sells 2. We now have a strong tool to establish and DEFEND List Price !

Virtually none... I haven't had a client do this more than three times in the past 18 years and then only when the homes were sufficiently unusual and where there were no recent comps.

Many sellers think the CMA and an appraisal are the same thing and we have to explain the difference.

It's rare, maybe 1 to 2%.

Rarely. Haven't felt the need. Have one upcoming listing where we did get an appraisal

We've never had this, but I can see it being worthwhile for a unique property...

I do it occasionally - I like the idea of crediting the seller back at closing

It depends on your market.  Up here, my luxury properties are quite unique and comps are usually non-existent.  I do the same as Michael J. Perry and credit the Sellers back upon closing.

I've never done it but I have heard a few agents use this technique.  

Most would prefer your free CMA.

Too few to mention!

 I have seen some deals being renegotiated because of appraisals coming in low.

One of the first things we do with most of our projects is do an inventory and appraisal.

Tony and Suzanne Marriott, Associate Brokers most of them are unaware of something called 'PRE-LISTING' appraisal - we need to educate them about it.

And most of them do not want to really go for it - as that number may be different than what they expect!

I've suggested it when the property is very unique.

Few to none - they think that is my job.

None so far.

If the property is very unique or less than three supportive comps found, I highly recommend getting an appraisal. Of these, about 75% take the advise.

Not many, maybe 1 in 50. They are not willing to pay for it and in the end an appraisal is subjective and I tell them I can do pretty much the same thing and have the experience to tell them waht the market is doing.

I have not needed a prelisting appraisal.  When needed I like the idea of crediting the seller at close.

Tony and Suzanne Marriott, Associate Brokers 0%. Haven't had one willing to pay for one.

Have only done had this happen once. It was oceanfront home and did not have any comps. It came in so low, no one was happy.

Very few

None, unless a very high-end unique home with few, if any comps readily available.

Zero.  Costs money and that's the job of the listing agent. 

I never had a seller who would agree for a pre listing appraisal inspection. 

Very few, unfortunately.

Zero percent sounds about right. They are sometimes a necessary evil that requires a hard sell to your Seller especially when the distance between valuations are vast. 

Virtually none but we do prelisting appraiser measurements.

A small amount are.  I suggest that for expired listings that are stubborn about lowering the price.

I have never had a request, but have an upcoming listing I was thinking of having one done for.

Never. Because what do you do if that pre-listing appraisal is too low? In the due diligence section of our contract buyer agents will ask for any appraisals on the property.

Tony and Suzanne,

You have some great answers, it reminds me how wonderful Active Rain is as a platform.  A

very rarely. Appraisals are so subjective it wouldn't match the banks appraisal anyway

No one has agreed for it is all these years.

we rarely run into that situation....truly....rare

I have suggested it only when we have issues selling the home. $500 is what appraisers are charging here. 

"0"

Strong demand in housing. Every potential client will not believe in your cma and want an astronomical price.  Once listed they want to raise two figures % more....  Totally unrational home sellers.  

I've never needed it. In fact, I took over a listing from a broker that was showing buyers a two year old (pre-market correction)appraisal. Seller was furious. Agent was showing buyers an $800K appraisal report. Listed property at $749. I took over and

listed for $669 and sold it for $660K

None. Zero. Nada!

Then we talk strategy and the need to create logistics for Plan B. On exotic real estate, the pre-appraisal is an easy sale but never initiated by the owner.

Zero. I haven't come across anyone who wants to spend the money.