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APPRAISALS...Change is Good...Isn't It?
 
 
The one thing I have always loved about real estate is nothing ever stays the same. You're market is probably the same way, isn't it? Just when you think you have something figured out, you realize you don't know as much as you thought you did. I don't know about you, but I have always prided myself in staying informed, learning what is new, staying up on changes in the market etc.  But these days, it is almost a full time job!
I was a bit surprised late last year; or, may be it was the first of this year (at my age, time goes so fast, I can't keep up), when I learned of a change in the Georgia appraisal statute. What first surprised me is the change had gone into effect August, 2006 and I was just hearing about it for the first time. I realize I'm not a loan officer, but being affected by this change it just seems the information might have trickled down to us a bit sooner. Most agents I come in contact with still don't know.   And, I'm curious...are these type of changes  being seen in the real estate industry across the country?
Here is how  our Georgia statute currently reads:
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