Many guys think that theirs is bigger when it goes against reality...it's something like that, but in financial terms.

The gift that keeps on giving!  
If a client is still living in the past or advancing too far into the future, they and I will not get along, as a rule.

It has worked on my behalf 

Thank goodness, I haven't had that happen yet, John!

Not recently.

John Meussner Sellers have always had an unrealistic perception of their homes value. Their perception will ultimately come true if they just wait long enough.

      Property values here dropped 25% to 30% after the boom of the mid-2000's.  The prices have increased, but have not returned to the prices they commanded back then. 

     Some sellers are still adamant that their property is worth what they paid for it (then), PLUS appreciation, improvements, etc.

I have not seen that. I don't think I could work with a seller who does not understand today's market. 

we have NOT experienced that.... YET!!!

In our market, I have never seen an appraiser using comps from 8 years ago. However, we do have sellers with unrealistic thoughts regarding the value of their properties.

I don't concern myself with prices from 10 years ago.  I'm not sure exactly what you are asking. A 9 year old appraisal has zero to do with value today.  I did just have a low appraisal where I really wanted to string up the appraiser. And frankly I am sure so does every one else in the neighborhood.

I've never seen an appraiser use or look at a prior appraisal.  Even one that came it at value two weeks ago from another lender.

It has been over a year that one of my listings has come in short. I am working really hard with the appraisers to make sure they have all the data they need on the front end.

Well, we are partially responsible for our clients expectations. We should be able to show them good, bad and ugly about pricing their home. 

Only once - and reappraisal worked.

Denver's values have been on the rise - 10%+ per year for the last 4 years.   We are still seeing many greedy sellers, and some low appraisals, but still above 2008.

I have not experienced that John.  Most are coming back at value. Only a few were low ... by $10,000. But in my market ... that is not a huge amount for most buyers. 

Have not seen that scenario....yet!

No, I haven't.

Not that I recall

We just sold a home that was appraised for $350,000 and listed for that same price a year ago. It had ZERO showings. We did a CMA and listed it for $270,000 and it had quite a few showings and an offer a month after listing.

no

Those who overpay expect someone equally foolish to come along and buy their mistake.

yes, including town appraisals that resulted in higher taxes; quite at odds with current appraisals

not yet. Just work richer clients who have more savings to pad the difference.

None for me.

Most of the people in our area realize that those prices were part of a real estate bubble.

Interesting to see how it plays out. The third party (appraiser) has the power and not the buyer, seller or agents....Unless you are priced right, you stress

I have not seen this as yet, John.