Real estate blog entries tagged with appraising homes in a declining market by Mary Thompson Lake Lanier Appraiser in Georgia (LakeFrontPros.com)

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Home : Blogs : Mary Thompson Lake Lanier Appraiser in Georgia : Mary's Blog : Tag "appraising homes in a declining market"

appraising homes in a declining market: Appraising Homes in a Declining Market...What you need to know for your Clients - 10/25/08 04:21 PM

Prior to these past 1-2 years, it has been a long time since Appraisers have had to deal with appraising homes in a declining market. Lenders really hate it when we mark the dreaded declining market box or the oversupply box or note that the days on market is over 6 months . But we are checking those boxes more and more these days.

As for how we define declining markets, well that may differ from appraiser to appraiser or location to location. We define declining market when we look at the sales prices of the same or similar homes in the prior year and see that they sold for more than … (52 comments)

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Mary Thompson Lake Lanier Appraiser in Georgia

Flowery Branch, GA

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LakeFrontPros.com

Address: 5747 Garden Walk, Flowery Branch, Georgia, 30542

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