Homeowners and future homeowners! Just a quick bulletin for buyer and sellers, over the past week, I have had three transactions in which the appraisal value did meet the contract price. What does this mean? Banks are taking a great role in the appraisal process, which in turn is putting pressure on appraisers to meet certain guidelines. The guidelines are restricting the free opinion of the appraisers and at the same time, disallowing certain neighborhoods the ability to raise the value of their home. Also, if you are a seller, take note how important it is to have the right market value of your home. Use a Realtor!
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