Low Home Appraisals Affect Pending Sales

Posted in Information  by: Marie
July 16th, 2009

There is a lot of talk regarding the slow pace at which appraisals are now being done, the figures they are also giving are way too low. Much to the dislike of the many real estate agents and sellers alike. The process of appraising a home tends to come as part of the buying process where a buyer or the agent acting on behalf of the buyer, contacts an authorized appraisal representative who is hired to make an estimation of the true value of a specific property. They are licensed to carry out their jobs at par with industry standards yet realtors disprove of their results which they say are way lower than the true value of properties they are selling. There is a lot of controversy as to the figures they are using in their estimation and calls for a revamp of these very tables are called for by the many realtors out in the ailing housing market.

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