Real estate blog entries tagged with values by Carlos Ruiz de Quevedo, AIA (Esslinger Wooten Maxwell, Inc.)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Carlos Ruiz de Quevedo, AIA : Carlos Ruiz de Quevedo, AIA's Blog : Tag "values"

values: Estimated Declining Appraisals - 03/07/08 03:30 PM

This week in our sales meeting some agents complained about having problems with appraisals coming in low, even after they based their asking price on a recent CMA; priced the property agressively and the buyers still reduced the sale price further.
That was when we were alerted to the fact that appraisers were using 90 days old comps. However in some areas and some types of properties are selling at one or two homes per year. So for those comps that are over 90 days old, appraisers estimate 1% per month decline in value.
Many of us find this trend curious, because when the market was … (3 comments)

Related Links:

Carlos Ruiz de Quevedo, AIA

Coral Gables, FL

More about me…

Esslinger Wooten Maxwell, Inc.

Address: 550 South Dixie Hwy, Second Floor, Coral Gables, Fl, 33146

Office Phone: (305) 667-8871 x 452

Cell Phone: (305) 510-0647

Email Me

Links

Archives

Find FL real estate agents and Coral Gables real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.