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Articles by August, 2018

What Criteria do you Use to Select an Appraiser?

by Administrator on Aug 2, 2018 Business Operation 93 Views

One of the first things you have to realize when you are shopping for a real estate appraiser is that even in a relative larger city the appraiser “pond” isn’t really that large. If two appraisers don’t know one another there is a very good chance that they have met in an educational class, in court, at a tax or planning commission hearing, at a City or County bid offering or at an appraisal organization meeting. If they haven’t met face-to-face appraisers have often received copies of their competitor’s work from clients, attorneys and brokers who use reports as a marketing tool. Brokers use real property appraisals as a way to prove that the asking price of a listed property is correct.

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Are their REO & Short Sale Appraisals in your Future?

by Administrator on Aug 10, 2018 Market Conditions Articles 200 Views

Just when you thought you had escaped the nightmare, they pull you back in! If the housing market in California is an indication of the future of the housing market then you had better start digging out your old reports on distressed sales. Many are predicting a downturn in the real estate market cycle that could cause a lot of pain. When you think about California, New York, New Jersey and other states where demand has been hit by the interest deductibility limits it seems only reasonable that fewer buyers want to jump into those markets. You have to have a great deal of money, and want to give it away, to purchase a home in a state that has outrageously high taxes that are no longer fully deductible. For those who have been avoiding those taxes for a long time things are changing.

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