avoid low appraisal: NAR: 11% Agents Lost Sale with Low Appraisal: Appraiser Gives Tips to Avoid.
- 05/20/11 05:06 PM
The latest word from the National Association of Realtors confirms what many hard working agents are also seeing. The present system by major banks of assigning appraisers is causing many solid home sales to fall apart, due to low appraisals. The 05 19 11 story by Walter Molony quotes NAR Chief Economist Lawrence Yun: “… a steady level of low appraisals that result in contract cancellations”. http://www.realtor.org/press_room/news_releases/2011/05/sales_ease Appraisals are not just crunched numbers, they truly are as much art as science, just like the buyers’ emotional response to the market supply. Any agent can tell you of the many times a … (6 comments)
The latest word from the National Association of Realtors confirms what many hard working agents are also seeing. The present system by major banks of assigning appraisers is causing many solid home sales to fall apart, due to low appraisals. The 05 19 11 story by Walter Molony quotes NAR Chief Economist Lawrence Yun: “… a steady level of low appraisals that result in contract cancellations”. http://www.realtor.org/press_room/news_releases/2011/05/sales_ease Appraisals are not just crunched numbers, they truly are as much art as science, just like the buyers’ emotional response to the market supply. Any agent can tell you of the many times a … (6 comments)
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