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5 Reasons Why Your House Didn't Appraise For What You Thought it Should
My friend Tom Horn gives us 5 very succinct reasons! Sometimes the simple and straight forward approach is the best! Great article Tom! I had to share!!
Have you ever gotten an appraisal back on your home for a refinance (or sale) and found that it did not appraise for what you thought it should? Unfortunately this does occur on occasion. You may chuckle and say this occurs more times than not and you may think the appraiser is just a "deal killer", however you must realize that appraisals are based on actual market data and not a spin of the appraisal "value" wheel. Please don't blame us, we don't make the market, we just report it. Most people don't understand how we arrive at a value so I thought I would fill you in on some of the top reason where there could be confusion on what you think your house should be worth. So here are some top reasons why your house may not have appraised for what you thought it should, drum roll please:
Bad real estate market- As you probably are already aware, the real estate market in most areas is down. You may not be ... more
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