Appraisals Still an Issue

Posted at 8:56 AM, Sep. 16, 2009

As you know, one of the biggest challenges that Realtors and lenders wrestle with these days is getting good appraisals. In less than two years, we’ve gone from a time where many properties were ridiculously overvalued to the complete opposite – and neither extreme is good for us as an industry. The attached article is a good discussion of the issue and what’s being done to try and reach a sensible alternative.