August 2007

There are 1 blog entries for August 2007.

AppraisalIn the current market, appraisers are catching quite a bit of heat from lenders. As the foreclosure rate is escalating, appraisers are being forced to take a more conservative stance in valuations. What does this mean to you as a homeowner? If you have a home in "average" condition and your home's value is near the average price for a home of its size in the neighborhood, you should be fine when selling. The problems often come when you have a home that does not have recent comparable sales in the neighborhood to support your price. Homes that are trying to set the highest sales price for a neighborhood are facing tough times getting supporting valuations from appraisers. In the "good old days" of earlier this year, an appraiser would generally give…
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