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Fort Lauderdale Real Estate Appraisals
This week I watched as another Fort Lauderdale Home for Sale closed far below prices that I know had been offered by numerous buyers because of appraisal issues, and I am sincerely looking for someone to give me some insight. How does this come to an end?
How does the Ft Lauderdale Real Estate decline come to an end, as long as appraisers are only willing to appraise property lower than the last sale, as they check the box which says "declining market"?
Please don't get me wrong I do not blame appraisers for what is going on today in Fort Lauderdale Real Estate, they too have put into a tough position, simply I am questioning how we find our way out. Recently I watched a piece of Fort Lauderdale Real Estate close at a price that simply was not reflective of the Fort Lauderdale Real Estate market. Here is what happened.
The Ft Lauderdale Home was an older property, totally renovated and one the most detail oriented renovations I had seen, simply it was beautiful. Ft Lauderdale Real Estatebuyers clearly agreed as numerous offers all in the low $400,000 range appeared quickly. This Fort Lauderdale Home was under contract within ... more

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