https://files.keepingcurrentmatters.com/wp-content/uploads/2015/05/07181042/Appraisal.jpg 315 600 The KCM Crew https://www.keepingcurrentmatters.com/wp-content/uploads/2023/01/KCMLogoFlatForDarkTM-300x39.png The KCM Crew2015-05-05 07:00:172015-05-05 10:17:47Homeowners: We Need to Sell Your House Twice
Homeowners: We Need to Sell Your House Twice
Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is that bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate comparable sales (similar houses in the neighborhood that closed recently) to defend the price when doing the appraisal for the bank.
|Members: Sign in now to set up your Personalized Posts & start sharing today!|
Not a Member Yet? Click Here to learn more about KCM’s newest feature, Personalized Posts.