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foreclosures: HARDER THAN IT LOOKS! - 01/08/10 08:58 AM

With markets so rapidly changing, it's easy to imagine how property appraisers might sit in a darkened room, waving their hands over a crystal ball, and producing the mysterious and all-powerful document of a home's value.  Let's dispel the notion of magical figures and look more carefully at the process.
When comparing against similar properties, it's not just the final price that counts.  Appraisers also factor in any "incentives" offered, such as sellers who pay closing costs or remodeling allowances. 
Perhaps the most important factor that lenders review in an appraisal is the closing dates of the "comparables" (other homes … (0 comments)

 
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Larry Weichman

Costa Mesa, CA

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Weichman Realtors, A Trusted Name In Costa Mesa Real Estate

Address: 1525 Mesa Verde Drive East, Suite 111, Costa Mesa, CA, 92626

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