There is a slight disconnect between homeowners and appraisers in Atlanta, according to Quicken Loans’ latest National Home Price Perception Index (HPPI).

The good news is the disconnect is slight. In February, homeowner opinion in Atlanta placed the average home price at $192,000, only $1,400 above what local appraisers said.

While the slight overvaluing is not the perspective agents, ideally, want homeowners to have, the relatively thin margin separating perceived and actual price is a step up from national trends – in which homeowners value their properties 1.47 percent above official appraisals.

Understanding the difference between what someone thinks their home is worth and what it actually is worth is so important because, as Quicken Loans Chief Economist Bob Walters pointed out in a statement accompany the HPPI release, it helps create a much smoother home purchase or selling process.

“Having a good understanding of the conditions in their local housing market can be a valuable tool for consumers as they prepare for the home buying or mortgage process,” said Walters. “Accurate expectations at the onset of the mortgage process not only makes it smoother, but can prevent unexpected changes in the amount of funds to bring to the closing table if the appraised value comes in lower than initially estimated.”

As if that wasn’t incentive enough, in a recent speech Gary Keller, founder of Keller Williams Realty, emphasized the importance accurate pricing, presenting results from a study his brokerage conducted (organized in the table below) that showed “precipitous drops” with each repricing of a home.