smith lake homes: Smith Lake Buyers & Sellers – Are You Prepared For The New Appraisal Rules?
- 11/18/11 06:32 AM
Beginning in September of this year, Appraisers were introduced to a new set of standards as it relates to the appraisal of residential properties. This change was mandated by GSE’s (Government Sponsored Enterprise) of which Freddie Mac and Fannie Mae are examples. How will this change in the appraisal process affect your ability to buy or sell Smith Lake property? Will there be additional procedures which one must follow? What about lenders, how do they fit into the new process? What necessitated these regulation changes? Follow along as we explain the basics. Acquiring this information now will save you time … (0 comments)
Is now a good time to purchase Smith Lake Property? After all it's a buyers market, right? Lending rates hover near historic lows, Smith Lake inventory is plentiful and many sellers are willing to negotiate. While we have experienced some improvement with the number of Smith Lake property sales of late, the recent activity cannot be attributed solely to the reasons mentioned above. Other factors have begun to influence many prospective buyers. There should be reason for concern; in the coming months several new regulatory mandates will affect almost everyone attempting to purchase … (1 comments)
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