 Home Appraisal |
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Appraisals Still Kill Home Sales
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One out of ten Realtors (11 percent) report that low appraisals are killing home sales contracts and an addition 10 percent say they are delaying closings, according to an April NAR practitioners survey of Realtors. Some 14 percent report that appraisals coming in under the purchase price are sending purchase deals back to the negotiating table.
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Thousands Seek Home Re-Appraisals
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With just one day left to contest property values, the Franklin County Auditor's office was busy on Wednesday.
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Bexar Home Appraisals Dropping Again
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The down economy is hitting home for a third straight year as most Bexar County property owners will see residential values drop an average 2 percent, according to the Bexar County Appraisal District.
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What's behind home-sales-scuttling low appraisals?
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Low appraisals are hampering home sales, but whether they're inaccurate is in dispute.
Ten percent of the nation's Realtors said they had sales canceled because appraisals came in below the prices buyers agreed to pay, according to a January survey by the National Association of Realtors. Another 15% said contracts were renegotiated after appraisals came in too low. Sellers dropped prices or buyers put up more cash.
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Property Appraisals Significantly Affect Short Sales And Foreclosures
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Property values have changed dramatically and the premiere Los Angeles Appraisers, Appraisal Evaluations, Inc., have recently begun to focus on assisting their clients with Short Sale transactions in Southern California, with accurate appraisals based on over 100 years of combined experience.
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